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> So do we need a new form of money? I guess you could make that case if the money we actually have were misbehaving. But it isn’t. We have huge economic proble
by bitcartel 13y ago
> So do we need a new form of money? I guess you could make that case if the money we actually have were misbehaving. But it isn’t. We have huge economic problems, but green pieces of paper are doing fine — and we should let them alone.
The point of the article was not to inform, but to denigrate Bitcoin (and Gold) in the reader's mind. Both Bitcoin and Gold are a means to measuring the value of paper money over time, as well as a potential store of value. Krugman is not going to write anything in support of Bitcoin because he likes the status quo and doesn't want things to change.