Can I Has Gold Standard Nao Prx?

Central banking is bullshit. The stability provided by a gold or silver backed currency increases growth in the long term more than artificial booms and busts caused by central banks lowering interest rates.

Let's look at the current bank and mortgage situation in the US.

1. Fed lowers Federal Funds Rate to increase money supply and spurn economic growth.
2. Banks find themselves with a surplus of reserves by 1.
3. Average investors are tired of the 21st century's weak stock market and decide to get into real estate.
4. Banks, with a surplus of reserves, make loans to anyone with a pulse.
5. Speculators, trying to get in while it's good, take high risk loans because interest rates are low.
6. 3-5 combine to form a housing boom.
7. 6 causes an artificial inflation in real estate prices.
8. Due to 7 and a new (artificial) sense of wealth, people take out mortgages on their homes.
9. Inflation, caused by 1, manifests as the new money makes its way through the economy.
10. The economy contracts just as suddenly as it had expanded.
11. Those who took the most risk during the expansion now take the hardest fall as the malinvestment in the housing market and mortgages is liquidated.

This is where we are now. Unfortunately, amidst the second largest bank failure in US history, the charlatans in the US government are the ones with the least understanding of why. So I ask again, can I has gold standard nao prx?

Not >>2 here and I have suspicions that >>2 is kneejerking, but >>2 is right about how the price of gold fluctuates more nowadays than it did when it's only practical use was in scientific experiments. There is also the fact that the value of the nation's currency is now directly linked with the value of the assets it represents. Extrapolating this to proven gold reserves would make the price of gold increase astronomically and then countries with a large stockpile of gold will essentially find themselves owning the equivalent of a signficant proportion of the US's GDP.

This is not to say that a currency based on proven gold reserves is a bad idea and there should be no restrictions on private businesses undertaking this. But why stop there? Why restrict private businesses basing currency on the value of any asset? I think we should go back to the days when banks printed their own notes. We should keep the state currency but see how it competes  with private currencies.