I don't think this would really be any different than former U.S. presidents trying to re-establish a system that put money in the hands of the people (like the green back dollar), but since one of the primary functions government assumes authority over is commerce, so if people are going to turn to the government to issue money wouldn't it be better to use something universally accepted and stable (by comparison)?
RE: Vitalik: El Salvador Law "Reckless"