You guys should watch this debate. Nice to see someone in office at least advancing ideas of Austrian economics.
https://www.youtube.com/watch?v=6epCVUppjJM
If you do not have time to watch all 7 parts, I would recommend watching part 5.
“My real concern is about paper inflation. You know, they say, watch out for Russia; they could withhold gold or dump gold. It would take them 100 years to double the supply of gold in the country, therefore really significantly affecting the purchasing power of gold. It took the Fed only 10 years to nearly triple M3.”