Article 1 Section 10, Clause 1 says: "No state shall make anything but gold and silver coin a tender in the payment of debts." - The Unites States Constitution.
Our founding fathers completely understood the slippery slopes of using paper money. Inflation and deflation are just two of the pitfalls that can be had when a nation decides to forgo the strength and stability of precious metals. Our founders so adamantly believed in precious metals that they specifically declared in the Constitution that only Gold and Silver would be considered legal and lawful money. Unfortunately this all changed in 1971 when then President Nixon decided to abandon the Gold standard and the printing of trillions of fiat reserve notes began. I believe we are now seeing the repercussions of having a fiat and almost worthless currency. Will our government ever go back to the old ways of doing things, probably not, but this does not mean you cannot.
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