I have no idea why they believe this. Is the gold standard going to prevent the US government from issuing bonds? Will Congress have to lower tax rates in order to protect IRS agents from lower back strain? Seignorage, aka the "inflation tax" is not an important source of revenue for the federal government; it's not even a particularly important source of revenue for private banks, which collect most of it. The gold standard will not prevent the government from doing anything--except respond to changes in the demand for money.
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