Buying bonds in the open market is not debt monetisation. Anyway, public debt is a political problem, and the idea that adopting some sort of a commodity stand

Buying bonds in the open market is not debt monetisation. Anyway, public debt is a political problem, and the idea that adopting some sort of a commodity standard will prevent sovereign debt crises is unconvincing, to say the least, considering that such crises were common under the gold standard. You can't be seriously suggesting that the world economy should switch to a whole new monetary system based on these half-baked arguments. Are you kidding me?