Floating exchange rates were the bad argument that took down the gold standard. What will be the bad argument that provides the most resistance to a Bitcoin standard?
From the Invisible Hand to the Invisible Sleight-of-Hand
By George Ford Smith
"Advocates of unbacked paper money claim that theirs is the “civilized” choice, as opposed to gold, or what Keynes called “that barbarous relic.” These inflationists, however, are the ones wrecking civilization as we have known it."