Sounds reasonable. Runaway printing can happen even in a new system and there has to be an anchor value to keep that from happening.
I just do not know enough to know exactly what would motivate or set off runaway printing in a new system. I think I have a pretty good idea what kinds of bad things printing our own money prevents, but it just seems to me that bad people with bad goals and much power can get in and subvert the new system no matter what kind of checks and balances exist.
Look how bad and out of balance the checks and balances system of the our tripartate Constitutional Republic went haywire in the last couple of decades.
One thing I have noticed that the people who want to run the world and enslave us all on the surface look like liberals and liberals seem to adhere to the philosophy that people are basically good, but these "neocon" types are really totalitarian brutal fascists on the inside.
I believe that there is "not one good, no not one." We all have a strong tendency to go with the world, the flesh and the devil and that is what these evil rulers capitalize upon to take over the world, and there but for the grace of God go I.