Bitcoin is not without its vocal band of critics and naysayers. The Nouriel Roubinis and Paul Krugmans of this world would have you believe that Satoshi Nakamoto’s creation is 100 percent doomed to fail. Bitcoin Doesn’t Need Men with Guns Earlier in the year, Bitcoinist reported on Paul Krugman’s column in the New York Times […] Citing a range of economic thought — from the authors’ previous work; to Fredrick Hayek, the renowned thinker of the Austiran School of Economics; and Nobel prize winning crypto skeptic Paul Krugman — the paper applies Bitcoin research to economic standards of international monetary policy with the end goal of examining how monies issued outside of governments (including truly ... — Paul Krugman (@paulkrugman) December 5, 2019. Paul Krugman, of course, is not your average Boomer. The American economist is graduate professor at the City University of New York, longtime columnist for The New York Times, and a Nobel Prize winner for his work in trade theory. He’s also penned nearly 30 books, including textbooks ... Bitcoin Doesn’t Need Men with Guns. Earlier in the year, Bitcoinist reported on Paul Krugman’s column in the New York Times where the Nobel Prize winner in Economics took aim at cryptocurrency asking what problems virtual currencies solve. This week, Economics professor Saifedean Ammous offered a robust reply to the flawed rhetoric espoused in Krugman’s piece. Paul Krugman Gets It Wrong on Bitcoin. Before getting into the recent comments from Stiglitz and Rogoff, let’s take a closer look at Krugman’s comments about Bitcoin over the years. In his first post on Bitcoin, Krugman called it evil. “I have to say that I’m still deeply unconvinced,” Krugman wrote in regard to whether Bitcoin could even work. Three years later, Bitcoin is still ... Like many other mainstream economists, Paul Krugman has long-shown a complete disdain for Bitcoin.In late 2013, he went as far as to write a piece titled “Bitcoin Is Evil” for his column in The New York Times. Moral objections to bitcoin are one thing, but Krugman also does not see much utility in the cryptoasset at all.
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