"To be specific: take Hayek's idea of a privatization of money, which aims to deprive the production of money from the central bank. Let us imagine that the European Union or the United States would actually dare to conduct such an experiment. What would be the consequence? The Chinese would be laughing up their sleeves – the renminbi would become the world currency. The world is not simply a textbook. Towards the end, Hayek was not free from liberal utopianism."
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John N. Gray, in John Gray and René Scheu, "The role of the sceptic" (2013)
https://en.wikiquote.org/wiki/The_Denationalization_of_Money
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The Denationalization of Money
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