Reid Walley

Reid  Walley's avatar
Reid Walley
reid@reidwalley.com
npub12jat...9mh9
Graphic designer. Bitcoin tees: https://bitcoinoutlaw.com/ (Pay with ⚡️Lightning) Twitter: bitcoin_outlaw Twitter: reidwalley (permanently banned for speaking freely) Matrix: @reidwalley:matrix.org
This is why we #Bitcoin I asked Grok the following: Q: Would the economy be better off if there was no central bank (like the Federal Reserve) to interfere? A: No, the economy would likely *not* be better off without a central bank, according to the broad consensus in mainstream economics. Then I asked a followup: Q: Now let’s take a look from the Austrian fixed money POV A: From the Austrian School perspective, particularly emphasizing a fixed or slowly growing money supply (e.g., under a strict commodity standard like gold, where new supply comes only from mining), the economy would be *vastly better off* without a central bank. Central banks are seen as the primary source of economic instability, not a stabilizer. https://x.com/i/grok/share/xnNGBAOyk3x2mhwCswUx8A4hv