The libertarian (Ron Paul) wing of the Republican party desires a complete rethink of US monetary policy, and has succeeded in having a monetary commission added to the GOP platform. Let's take a look at the Paulist ideas.
Among the libertarian desiderata are:
1. Abolition of the central bank.
2. An end to fiat money and a return to a metallic or bimetallic monetary standard.
3. Privatization of currency issuance.