Economist Paul Krugman is not one to shy away from a good fight, but he may have vexed his most passionate opponents yet last week with a blog post titled “Bitcoin is Evil.” Krugman’s title is tounge-in-cheek. He doesn’t actually believe the cryptocurrency, which has captured the imagination of so many, is immoral or depraved. But he doesn’t see it supplanting the dollar anytime soon for the simple reason that it fails the test of what economists call a “store of value.” According ...
Economist Paul Krugman is not one to shy away from a good fight, but he may have vexed his most passionate opponents yet last week with a blog post titled “Bitcoin is Evil.” Krugman’s title is tounge-in-cheek. He doesn’t actually believe the cryptocurrency, which has captured the imagination of so many, is immoral or depraved. But he doesn’t see it supplanting the dollar anytime soon for the simple reason that it fails the test of what economists call a “store of value.” According ...
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