Paul Krugman and the establishment is laughing now. Schadenfreude

Look how sick and demented these people are. This is a noble peace price winner. Paul Fucking Cuntman.

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Not only is he clueless.

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But he's a fucking moron.

So enjoy your schadenfreude. Just enjoy that moment.

You communists are sick old dinosaurs. Soon we're rid of your evil.

Poor Hayek, being in the same company as this fucktard. I take it you've heard Tom Woods and Bob Murphy's excellent pod Contra Krugman?

Ignorants, they don't even take the time to make a research with an open mind but they have to talk. If I don't know about something at least I'm humble enough to say: I know nothing about that topic

This guy should take a long walk off a short pier. His fax machine statement however is absolute genius. This guy fancies himself one of the greatest intellects of our time!

He' s a fucking joke.

We always have to remember the good part. With BTC dropping 1000US$ per day, this can happen only 7 more days! So there is an end in sight! 😀
...oh, and I didn´t know, that "cryptofreude" is a thing! I love this word! 😂

My experience has been that so-called economists and financial gurus are the people who know the least about cryptocurrencies. It's sad to see the discrepancy between their confidence when they speak to the public and their actual understanding about what Bitcoin, blockchain etc actually is.

Let's remind ourselves of Paul's recent predictions:

Paul Krugman: The Economic Fallout
By Paul Krugman
Comment
2016-11-09T00:42:44-05:00
12:42 AM ET
It really does now look like President Donald J. Trump, and markets are plunging. When might we expect them to recover?
Frankly, I find it hard to care much, even though this is my specialty. The disaster for America and the world has so many aspects that the economic ramifications are way down my list of things to fear.
Still, I guess people want an answer: If the question is when markets will recover, a first-pass answer is never.
Under any circumstances, putting an irresponsible, ignorant man who takes his advice from all the wrong people in charge of the nation with the world’s most important economy would be very bad news. What makes it especially bad right now, however, is the fundamentally fragile state much of the world is still in, eight years after the great financial crisis.
It’s true that we’ve been adding jobs at a pretty good pace and are quite close to full employment. But we’ve been doing O.K. only thanks to extremely low interest rates. There’s nothing wrong with that per se. But what if something bad happens and the economy needs a boost? The Fed and its counterparts abroad basically have very little room for further rate cuts, and therefore very little ability to respond to adverse events.
Now comes the mother of all adverse effects — and what it brings with it is a regime that will be ignorant of economic policy and hostile to any effort to make it work. Effective fiscal support for the Fed? Not a chance. In fact, you can bet that the Fed will lose its independence, and be bullied by cranks.
So we are very probably looking at a global recession, with no end in sight. I suppose we could get lucky somehow. But on economics, as on everything else, a terrible thing has just happened.

thanks NYT

So how is everyone coping with this global recession, given that there is no end in sight?

Regulatory bodies are having a heyday cramping the utility of coins with fear, regulations, and red tape, and then pretending it is because of the “fraud” markets.