No, the solution to this problem is to take money entirely out of the hands of government, who have proved time and again over the span of millennia to be incapable of managing the money supply as well as using it towards nefarious ends (political control, wars, etc...)
Yes, because when the management of the money supply is put into private hands, that has worked so well. Company scrips [1] were great for the people.
You haven't actually proposed a solution. Who should control the supply of money? Private companies? Because they have an even worse track record to governments.