Krugman Is Clueless about Bitcoin
In this video clip, Paul Krugman demonstrates once again that prizes don’t make you an expert on everything. Indeed, his poor prognostications happen so frequently that one wonders if Krugman is an expert on anything. I don’t say that to be unpleasant. If you’re going on TV and enjoying a lavish lifestyle by pretending to know what you’re talking about,....
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American Economist Paul Krugman has written another anti-Bitcoin piece that, believe it or not, is much less accurate than Krugman's original Bitcoin article released in late 2013 on the New York Times, titled Bitcoin is Evil. In the "evil" article, Krugman didn't support his titular claim within the text of the opinion article. In fact, it's almost as if he wrote his article in response to Charlie Stross's wish for a quick and fiery Bitcoin death, and added the title as a joke. Krugman specifically referred to his analysis of "Bitcoin" as a positive one, which he was trying to maintain....
Nobel Prize-winning economist Paul Krugman says he has given up predicting the imminent demise of bitcoin. The economist now suggests thinking of the cryptocurrency “as a cult that can survive indefinitely.” Nonetheless, Krugman still believes that bitcoin has no fundamentals. Paul Krugman Likens Bitcoin to a Cult That Can Survive Indefinitely Nobel laureate Paul Krugman said on Twitter last week that he has given up on predicting bitcoin’s demise. Krugman won The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel in 2008 “for his analysis of....
Dr Patrick Byrne, CEO of Overstock.com, sure loves Bitcoin. It's unsurprising, seeing as his company has seen massive Bitcoin transactions since Overstock began accepting Bitcoin a few weeks ago with over $100,000 in sales. But in a recent interview with conservative news outlet Rare, Byrne discusses his views on Bitcoin and counters Paul Krugman's assertion that "Bitcoin is Evil". https://api.soundcloud.com/tracks/129661708. Byrne doesn't beat around the bush. He dives right in with one of the first things he says being, "[Krugman] went crazy about a decade ago, more than a decade." Byrne....
Paul Krugman, one of the most well-known economists currently serving the University of New York as a Professor of Economics, was harshly criticized by the Bitcoin community, experts, analysts and journalists this past week due to his inevident and inaccurate remarks on Bitcoin. Krugman, who has consistently dismissed the underlying concept of Bitcoin and condemned the idea of having a currency without a central government or administrator, criticized the immutability of Bitcoin on social media. He stated: “Whoops -- forgot Mulvaney's Bitcoin derp: “He praised Bitcoin as a currency that is....
In the New York Times, columnist Paul Krugman has written a lengthy article criticizing Bitcoin from an economic point of view, entitled "The Antisocial Network". This is the third article on Bitcoin that Krugman has written so far, following "Golden Cyberfetters" from September 2011 and "Adam Smith Hates Bitcoin" from April 12. Although he is far from the only economist to have a dim view of the currency, unlike the others his writings on the New York times are read by a large number of people, and the article is also a representative sample of what many who share his political ideology....