[imtringued]

Here is a thought experiment. The current fiat system requires negative interest rates. Austrian economics doesn't believe in the existence of negative interest rates as a result of market forces. If there is a central bank in the world that introduces negative interest rates on bank accounts and cash (via serial numbers) and it works, then Austrian economics is completely wrong not in just this aspect but wrong about fiat currency in its entirety.

They would have to acknowledge that:

* negative interest rates are necessary

* austerity and permanent saving don't work

* moderate inflation is necessary for a functioning economy

* central banks are doing a good job managing the economy