I wouldn't want to live in a country that couldn't regulate the supply of currency. Look at the economic conditions when we were on the gold standard. There were economic depressions regularly, you had runs on banks and panics . The whole reason the Fed was created in 1913 was in response to this. Dollars stopped being redeemable for gold after the Great Depression. People saw what chaos the gold standard could cause and said enough. I think the fact that 2008 was the first time we had a depression and we have had no bank runs in the last 80 years is pretty convincing evidence that our current system is better than the alternative.