Reisman then plots a path back toward sound money, i.e., a 100% reserve, gold-backed currency. The first stage of this would be to move to a 100% paper currency. This seems like the most plausible way of sanitizing the dollar, although another way forward would be to move towards private gold-backed currencies, which is discussed by Henry Hazlitt in the final part of 'The Inflation Crisis and How to Resolve it'. This would be preferable, due to it being a free market solution, but it does have one significant drawback; the high likelihood of bringing the full force of government aggression down on your head.
With thanks to Mises Institute Media