Precious metal is a terrible choice because inflation is then determined by the random occurrence of discoveries of new mines and new mining technology. The fe

Precious metal is a terrible choice because inflation is then determined by the random occurrence of discoveries of new mines and new mining technology. The federal reserve is a terrible choice because unaccountable bureaucrats with their own agenda are given the power to juice or crash the economy, and they appear to threaten/reward presidents with this power. Just printing money is a terrible choice because the executive can just run the presses instead of taxing, and thereby cause hyperinflation. The USA has tried all 3 methods. That last one has the most potential I think. It could be restricted to reduce misbehavior, perhaps with a time delay before changes take effect.