i have a better solution:

1. never allow one authoritative body to have complete control over the "monetary" system.
2. whatever is used for currency, it should be available naturally, and somewhat rare, like gold, etc. the actual material really doesn't matter - it is a mere perception anyway.

and just my personal items:

3. ensure that no more than a reasonable debt level can be had by anyone. for instance, 10% of one's total income (meant in the common definition, and not the ambiguous gov't one). this to ensure anyone can get out of debt without undue hardship or indentured servitude.
4. get rid of credit altogether.
5. stress a debt-free life. limit advertising, exposure, etc., to the "live richly" syndrome... it is easier to be rich when you don't have any debts!

jon