There is one of the paradox that no one has ever been able to resolve: in order for OCRipple to work, XRP must have both almost no value and also - at the same time - substantial value. I have asked about this many times and never heard a good answer.
Both statements are more or less false. I assume the "almost no value" is so that it's easy for people to create new accounts and process transactions, and the "substantial value" is in order to act as DDOS prevention.
I don't think many people familiar with Austrian economics would be convinced that this is possible. It sounds like the central bankers' false belief that they can and should increase and decrease the money supply "as needed." Assuming this is a Hayek vs. Keynes type of issue, which it seems like it is, demonstrating why this can't work like you explained it would take us far afield. But the form of the debate would be familiar to people who are conversant in Austrian economics. Until we or some others have time to go through the whole argument piece by piece while also arguing for and against the possibility and utility of central economic planning, we'll have agree to disagree on this.
However, even before that, the assumption is wrong in the first place: the reason XRP must have substantial value is of course to pay the dev team. This is their actual plan. Everything about it is inconsistent. It takes but a few minutes' thought to see what they're actually trying to do: simply tack a superfluous, utility-reducing get-rich-quick scheme on to the original Ripple idea. Apparently paying off Ryan Fugger not to use the Ripple name anymore just takes the cake as far as co-opting is concerned. Final nail in the coffin if you ask me.
I should add that my opinion really isn't so final IF they actually release something that turns out to be very useful and decentralized. To be perfectly charitable to OC, I should say that I am simply extremely skeptical that they can do this, and the way they are conducting their PR is making it look very fishy to me (and, it seems to me, many or most of the more intelligent members of this forum). I do think, however, that they can convince the masses.