I am probably a stronger advocate of sound money than anyone here besides Travis, but that is a guaranteed way to lock things up in a liquidity crisis.
I advocate sound money. The problem is that the Fed often tries to serve two masters: maintain the value of the currency and stimulate growth. I would prefer that they just stick stable currency, and let the fiscal side handle the growth. That is, low taxation, low borrowing, low debt. BUT, politicians being politicians, they are hard wired not to do these things. Hence the problem.