Even if we had gold as the base currency, the fact that there are now no bank reserve requirements, and that the government will bail out banks in any crisis, means that the effective money supply can be increased almost limitlessly through fractional reserve banking. The lack of reserve requirements means there is no practical limit on the expansion of the money supply, and that the music only stops when major parts of the economy become insolvent (sound familiar).

So I don’t think fixing just the currency is enough. You also need to fix the expansion of the money supply caused by fractional reserve banking, by mandating at least 6% reserves, and probably more. Sure, you still get a bigger money supply with FRB, but setting the reserve requirements limits it quite nicely. Oh, and you need to be strict about what a reserve is. No debt instruments allowed, otherwise you’re using debt as insurance against bad debt; hello systemic-risk!