Not if you follow it the way it was intended. Now give me an example of where Austrian economics was followed as intended and then concluded successfully.
One thing is absolutely clear. Our current Fed, over the course of the last 25 years, has pretty much destroyed the USD, Massively expanded the US debt without any hesitation, Tragically Fcked up every bear market and...has systematically transferred $39 trillion from the US State to the bankers, wall street elites and very well connected. Leaving the burden to America's children. The fed has brought US massive inflation, a destroyed Bond market and ''permanent high interest rates''. The interest rates will stay high ''regardless of how many times the Fed eases now''. The Fed can no longer control the bond market rates, they no longer have the money to be the ''permanent buyer'' of Bonds when the hard selling comes in (which is often now) and when the auctions go badly (which is often now)