The ultimate test of Austrian Economics will be if the Fed adopts a reserve cryptocurrency

I am very skeptical of cryptocurrency in general and feel it has no valid benefit over fiat currency if the goal is to have a good monitary policy that allows for a market economy. Despite this, there is an idea of a Fedcoin, that is a cryptocurrency issued by the fed, has been thrown around lately.

If this comes to pass, then we know the Fed is not acting in the interest of the citizens of the US. They are working to use inflation to reward some while punishing others.

If the Fed opposes this at every opportunity than we know this isn’t their ultimate goal.