"The Denationalization of Money" is a book written by economist Friedrich Hayek, first published in 1976. The book is a radical proposal for the privatization of money and the abolition of government-controlled central banks. Hayek argues that government-controlled money systems have led to inflation, economic instability, and a lack of confidence in national currencies. He proposes a system of competing private currencies that would be subject to market discipline and would provide greater stability and efficiency. In Hayek's vision, private banks would be free to issue their own currencies, which would be denominated in units of a common standard such as gold or silver. Consumers would be free to choose the currency they wish to use, and competition between currencies would lead to greater stability and efficiency in the monetary system. Hayek's proposal for the denationalization of money has been controversial, and it has been both praised as a bold and innovative solution to the problems of government-controlled money systems and criticized as unrealistic and impractical. Nevertheless, "The Denationalization of Money" remains an influential work in the history of economic thought, and it continues to inspire debate and discussion about the role of government in the management of money and the economy.