Blinded by the Light: Why Top Economists Are Wrong About Bitcoin

A long list of award winning economists have railed against Bitcoin and cryptocurrency, predicting spectacular failure. Nobel prize winner Paul Krugman has predicted the total collapse of Bitcoin because of its deflationary nature, going as far to call it “evil.” Another winner of the Nobel prize for economics and a professor at Yale University, Robert […]

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How Self-Proclaimed Tech Know-Nothing Paul Krugman Got it Wrong… Again

For a man who, 20 years ago, claimed, that the internet would impact the economy no more than the fax machine, you’d think that Paul Krugman would know when to say nothing. But the economist and Nobel laureate took aim at cryptocurrency in a New York Times column earlier this year, as reported by Bitcoinist. […]

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‘Delusional’ Paul Krugman Says Bitcoin Sets Monetary System Back 300 Years

Cryptocurrency industry figures are reacting with scorn after US economist Paul Krugman likened Bitcoin to “setting the monetary system back 300 years.” Bitcoin Is No Evolution, Suggests Krugman In an opinion piece for the New York Times July 31, Krugman took aim at the high cost of Bitcoin mining and the “speculatory” nature of its […]

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