The Sovereign Individual: How to survive and thrive during the collapse of the welfare state is a 1997[a] non-fiction book by William Rees-Mogg and James Dale Davidson.

[citation needed] The chapters are: Rees-Mogg and Davidson's main thesis centres around self-ownership and the individual's independence from the State, forecasting the end of the nations and nation-states.

[6] Rees-Mogg and Davidson also suggested that digital currency/cybermoney would supersede fiat currency: New technologies will allow the holders of wealth to bypass the national monopolies that have issued and regulated money in the modern period.

Only the poor will be victims of inflation and ensuing collapses into deflation that are consequences of the artificial leverage which fiat money injects into the economy.

[7]Rees-Mogg and Davidson's recall of "mathematical algorithms that have no physical existence" is similar to the functional mechanism of certain cryptocurrencies such as Bitcoin and other proof-of-work currencies.

[10] In his 2018 book, The Bitcoin Standard, Saifedean Ammous mentions and calls The Sovereign Individual's prediction of digital currency "remarkable".