Slobodian and Tarnoff, 29: "[Peter] Thiel believed the internet would help bring about the full-scale privatization of sovereignty. One of his favorite books was The Sovereign Individual by James Dale Davidson and William Rees-Mogg, published in 1997, which argued that digitization would inaugurate a new era of 'sovereign' individuals who could liberate themselves from the state. Indeed, Thiel saw PayPal as taking a step in that direction. He described it as an attempt to create 'a new world currency, free from all government control and dilution--the end of monetary sovereignty.'"