We have to end the Fed and get the government policy out of the market regardless. A lot of your concerns just don't play out in history. Eisenhower and Kennedy didn't call the gold mine before figuring out who to appoint or how much money to create. Reversing Nixon Shock as a first step is prudent, not naive.
History tells us that it has many intrinsic flaws so I choose not to adopt it as my preferred solution to the current crisis.