Editing Monetary reform (section)

===Commodity money===
[[Newt Gingrich]] called for a commission on returning to a [[hard currency]] or asset-backed currency, which is often argued to be an antidote to [[inflation]].<ref>{{cite news |last1=Isidore |first1=Chris |title=Gingrich: U.S. should reconsider gold standard |url=https://money.cnn.com/2012/01/18/news/economy/gingrich_gold_standard/index.htm?iid=EL |work=CNNMoney}}</ref> This may involve using commodity money such as money backed by the [[Gold standard|gold]], [[Silver standard|silver]] or [[Bimetallism|both]], commodities which supporters argue possess unique properties:<ref>{{cite book |last1=Westerfield |first1=Ray Bert |title=Elements of money, credit, and banking |date=1921 |publisher=Ronald Press Company |url=https://books.google.com/books?id=nskZAAAAYAAJ&q=gold%20universal%20money |language=en}}</ref> their extraordinary [[malleability]], their strong resistance to [[forgery]], their character as stable and impervious to decay, and their inherently limited supply.<ref>[https://mises.org/library/theory-money-and-credit Theory of Money and Credit], [[Ludwig von Mises]] 1953</ref><ref>{{cite news |last1=Prada |first1=Luis |title=Gold Bars Are Worth $1 Million for the First Time |url=https://www.vice.com/en/article/gold-price-1-million-dollars/ |work=VICE |date=21 August 2024}}</ref>