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Stability not only has never been a characteristic of metallic regimes but in actual fact they have been only theoretic thoughout most of capitalistic development. It was the growth of capitalism which led to the development of banking in the first place because of the needs to provide and international means of exchange without having to deal with the cumbersome transportation of precious metals. Coins were notoriously variable in quality and weight. You might measure the backwardness of an economy by its dependence upon metals for money.

So an exchange economy and credit banking are historically coordinated. As for the historic horrors you list surely you cannot compare a deliberate governmental policy of inflation under Weimar to destroy the huge debt of Versailles with the deliberations of representatives of the American people? Or those of a Bloody Tyranny casting about like a desparate animal with the French Assignats?

Hamilton solved the problem of American monetary needs and the Continentals with his funding program and the creation of a money supply by selling debt for specie. He capitalized the word of the American people. American monetary authorities have on the whole done a good job in monetary matters though making some mistakes there have been few examples of real irresponsibility.

Gold coinage is hugely difficult to keep and, the proclamation of metallic standards prove impossible to maintain with war certain to suspend convertibility. Financing modern military establishments is also impossible under a metallic standard.

Public finance is like most sciences in that there were strange theories which once held sway but which have gotten closer and closer to real answers. There is nothing to fear about Central Banking which is just as well since it is impossible to do without it in a modern economy.