You know what really gets my goat? These gold and silver bugs who think that using precious metals would solve all our money problems. Using so-called 'honest money' wouldn't prevent debauching of the currency; all it would to is change the WAY this is done. We can look to the Roman Empire for instruction here.
Back in Roman times, copper was a precious metal. The Roman money, the As, was made of copper. As you know, due to their international adventurism and gov't largess, they ran short of money and couldn't pay all their bills; they ran deficits. So what did they do? They halved the amount of copper in the As, thus doubling the money supply-wow! The same could be done with gold and silver.
Today's politicians could and would do the same thing. If you had X amount of gold backing the money, all they'd have to do is change the AMOUNT of gold backing the money, thus emulating what the Romans did. Then, we'd be in the same situation that we're in now-duh! So, using precious metals (so-called 'honest money') or using them to back your currency won't prevent debauching of the currency; all it'll do is change the METHOD in which this is done.
At the end of the day, it doesn't matter what FORM of money we use, because it can all be corrupted somehow. No, what matters is the INTEGRITY with which the money supply is administered. Since we don't have leaders who even know what that word means (let alone practice it), any form of money we use would be debauched-even the purported 'honest money', gold and silver.