So he wants $20 gold certificates to circulate alongside $20 fiat money?Of course. And it would work to stabilize your buying power. And such currency could actually be profitable for the government to issue. You could offer currencies with state themes or sports team themes or Christian or environmental themes. Much like what we do with special and commemorative stamps. However, stamps' face value deflates pretty fast. a hard currency doesn't because it has intrinsic value and is often desired as a keepsake or nestegg or simply for its beauty and symbolism of our country and its values.
For an idea of what such currency would be like, notice the picture at the right. They offer coins in $1, $20, $1000 (copper, silver gold) with Ron Paul's likeness. Of course, a genuine mint coin would be classier and less commercial.
I know you're just lusting after a Ron Paul $1000 gold coin of your very own! LOL.
Tell me, would you like it any better if we agreed to put Mitt or Fred on those coins? Or President Reagan? Or a coin that commemorates the victims of 9/11 or the bravery and service of our troops? Those are all fine too. Really.