My understanding of inflation is never go on the gold standard because every single government will eventually exit the gold standard and get a free default. That is why the gold standard is left in private hands.
The best option on monetary inflation is to read the damn constitution, we will do monetary inflation, it is a legal requirement. It is the legal mechanism for tax payers to exit the unsustainable central government spending programs. Don't like it? Change the constitution, otherwise we are better off designing the public hedge contract.
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