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
reidwalley / Reid Walley
npub12j…s9mh9
2025-12-11 08:31:35 UTC
Author Public Key
npub12jatzvy6sazrz2qf6d0wn2w4ffr5rmd6rqwemgwqhlj0vqs0y6aqrs9mh9Published at
2025-12-11 08:31:35 UTCEvent JSON
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"content": "This is why we #Bitcoin\n\nI asked Grok the following:\n\nQ: Would the economy be better off if there was no central bank (like the Federal Reserve) to interfere?\n\nA: No, the economy would likely *not* be better off without a central bank, according to the broad consensus in mainstream economics.\n\nThen I asked a followup:\n\nQ: Now let’s take a look from the Austrian fixed money POV\n\nA: 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.\n\nhttps://x.com/i/grok/share/xnNGBAOyk3x2mhwCswUx8A4hv",
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