We need to begin to reinstitute "real money". Historically money was gold and silver or a piece of paper that was redeemable for an amount of gold or silver. There are potential improvements possible than strict gold and silver standard, but the core idea here is that paper money has to represent something with long term real value which is finite and can be converted into a real asset. For example, we could have multiple precious metals, oil, food and other real assets put into a "basket" to stand behind our money. Gold and silver had a few problems as a hard money standard, but worked fairly well and could work even better with a few updates. Regardless of the backing, our money should only be created if it represents something that is valuable today, was valuable yesterday and has a good chance of being valuable tomorrow. Something real! Removing legal tender laws that prohibit private currencies would open up the marketplace to other ideas so we could have the best, most stable money there can be.