The gold / silver ratio historically has represented a rough approximation of how much was being mined. Market manipulation of the metals has left this valuation method in the dustbin of history, but if that ratio were restored the above argued problems of arbitrage are solved.
I heartily agree with the last line - competing currencies with no limitations. If I can get people to trade with me in beans and furs, why should I be stopped? If you want to trade in bitcoins and find amenable merchants, why should the government stand in your way? That is what "freedom to contract" is all about.
Love or fear? Chose again with every breath.
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