Wow. The Sovereign Individual. Written 26 years ago, 10 years before the first iPhone, 12 years before #Bitcoin

“Inflation has the same effect as a tax on all who hold the currency. As we explore later, inflation as a revenue option will be largely foreclosed by the emergence of #cybermoney. New technologies will allow the holders of wealth to bypass the national monopolies that have issued and regulated money in the modern period. State importance for controlling the world's wealth will be transcended by *mathematical algorithms* that have no physical existence. In the new millennium, cybermoney controlled by private markets will supersede #fiat money issued by governments.”