[AndyTheBear]

I am not sure its a good idea. Currencies need to have the right amount in circulation to match the needs of the economy. A currency that is too rare can cause disaster just as a currency that is too common can.

[Pelham]

Money wouldn’t be rare. Under the gold standard a very large portion of the money supply was “bank money”, “credit money”, money that wasn’t backed by gold. No one has ever used a 100% gold backed money supply.

The distinction between money backed by “specie” and money that was “credit” had a meaning under the gold standard, but wasn’t noticeable in daily affairs.

Von Mises book on money is “The Theory of Money and Credit” because it was written when there was such a distinction.

[crusher2013]

No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit;make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility.