The gold standard does not solve the right to coin expense

Under a gold standard, finance still has to hedge against a Nixon or FDR style repricing which certainly comes.  Further, the precious metals industry as a distribution market becomes skewed when socialist gold distribution is in place. So the precious metals and commodities markets have to hedge the right to coin, carry extra currency insurance.

Still stuck, regardless of the New Fed contract, it has to have a time limit, an amount and our John Hancock on the contract.  This is usually done in a period of panic and deception. We have to deal with an entire generation of economists who claim the MMT problem was solved. So the best bet is to think what contract stabilizes the right to coin, and that involves a monopoly payoff to Congress.