So you think that the Founding Fathers restrictions against Congress issuing paper money was a bad idea then or do you think that following the Constitution now is a bad idea?
Which is it?
Where did they do that?
or do you think that following the Constitution now is a bad idea?
I think following the Constitution is a good idea. I think your idea of fixing the dollar to silver and gold is a bad idea.
That is a common misconception of what the Constitution says. According to Article 1, Section 8, Congress was authorized to create money (the term coin meant to produce, it was a verb, not a noun in this instance) and 'regulate the value' implies a non-fixed commodity currency because a fixed commodity currency wouldn't have a third party determining its value.
According to Article 1, Section 10, it is States who are limited to only using gold or silver to pay debts. They were not allowed to create a competing currency against the US currency. If paying in anything other than US currency, they could only trade direct commodities.
Gold is just a commodity, just like oil, salt, or grain. Its value is only tied to what people are willing to pay for it.
IMHO, I am for taking our currency off of debt (which means not having debt spending) and tying it to the full production value of the US versus a single commodity that the bugs want. The latter is too risky to be manipulated by outside influence- especially as we no longer have a strong gold producing infrastructure.