"These patterns make clear that being on gold/silver standard was not a hard commitment to keep the value of money stable. First, because states could and did depreciate on gold/silver standard. Second, because they could get off gold/silver standard altogether and switch to fiat"
"To sum up, monetary standards could not and cannot be used to short-circuit politics and put monetary policy on auto-pilot. Ultimately, politics shapes whether gold standard, fiat standard, or any other standard is adopted, and how it is run."
You can find the abstract here.