I agree 100%. One of the goals of a flexible money supply is to reduce the volatility of currency. As your economy grows, so should your money supply. This requ

I agree 100%. One of the goals of a flexible money supply is to reduce the volatility of currency. As your economy grows, so should your money supply. This requires flexibility in money supply and tight analysis of the economy and money supply. There is a separate argument surrounding currency debt. That is, current policy doesn't strictly regulate the money supply in a way that tracks economic growth. They use debt as a means to "create" growth. I won't pretend that this is some sort of foregone conclusion, but the whole debacle involving Reinhart and Rogoff and their Excel error dealt a serious blow to those who object to the theory that debt drives growth. Again, I'm not saying the case is closed, but right now, the debt-driven-growth folks are winning the debate. When you fix your currency to a commodity or other non-controllable factor, you give up control of your money supply, which causes volatility of its own.