The Panic of 1819 came about in the aftermath of a floatingdollar during the 1812-1818 period, which was the result ofthe War of 1812 with the British.
Jude Wanniski, editor of Supply Side Investor, has been an outspoken critic ofthefloatingdollar and argues that inflationary and deflationary cycles would be eliminated by a return to the gold standard.