There is No Single "Gold Standard"
Throughout US history, we have had several different gold standards. Other versions of it have been used at other times and in other places. The simplest gold standard is for money to be exclusively made of gold in the form of coins; the second simplest is for the government to issue paper money equal to the amount of gold it holds in a vault; the third simplest is for government paper money to not be fully backed by gold holdings, but nevertheless convertible into gold on demand.
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How about we do what is inevitable. Switch now, to a resource based economy . We all know what the next step is, why are we so afraid to take it?
Going back to the gold standard would be a good first step. Good luck convincing the fed, and their monopoly money to kindly gtfo. They would buy the entire senate in mere hours. If the so much as caught wind of this talk.
In what way is this an argument for returning to the gold standard? It seems like just an attempt at defining what you are going to defend (one of these three standards, but which one? You don't actually say. Are they equivalent?), without actually doing any defending here. If there is no such thing as "THE gold standard," how can we return to it?
If experts can't agree on what is meant by a gold standard then there is no such thing. A non-existent gold standard is about as real as the tooth fairy or Santa Clause. All arguments about a gold standard have just vanished into thin air. Forget this nonsense!
M. Glass