Competing currency act vs. Jacksonian monetary policies

Economics Economics Questions
1

Does a Jacksonian Independent Treasury system with govt revenues collected only in gold by weight (no mint, and no treaties to favor coins from certain foreign govts) distort the market more, less, or the same as competing currencies?

I’m know that states inherently distort markets, no matter how small the state, and even with a Jacksonian monetary policy the state distorts the market when it spends a surplus… I believe that there is no way for the state to budget so that revenues equal outlays and even if there was a way out of that problem then another liberty would have to be taken.

2

No, the market is the best way to determine how to use scarce resources to satisfy consumer demand. Money being a commodity is no different. People will determine what forms of money suit them best. That is the best way to go. A Gold Standard although vastly superior to any fiat currency is still a government program.

You are absolutely correct. The smallest state in history the USA under the Articles of Confederation has grown to bhe the largest and most powerful state in history.