What are the political and economic consequences that will occur, nationally and internationally, if the United States tried to end it's fiat currency policy? Also/or: How likely is reform to occur considering the democratic nature of the United States?
Hypothetical Situation: Within a country, there were 2 political parties. Each had its own central bank, one whose bank notes or money was based on value of stored gold etc (assuming the bank kept its note to gold ratio at 1:1), and one that was based on debt, like the Federal Reserve. Would this system...