Paul Robin Krugman is an American economist who is currently Distinguished Professor of Economics at the Graduate Center of the City University of New York, and a columnist for The New York Times. A graduate in economics from Yale with continued education from the Massachusetts Institute of Technology but, for some reason this man is almost always wrong and to this day says the absolute most dumbest things I have ever heard.
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 users, claiming it undermined stability compared to fiat currency.
“…You’re supposed to be sure that a Bitcoin is real without knowing who issued it, so you need the digital equivalent of biting a gold coin to be sure it’s the real deal, and the costs of producing something that satisfies that test have to be high enough to discourage fraud,” he argued. Krugman went on to state that Bitcoin would set our monetary syatem back 300 years.
Hold on Paul let me get this straight, you actually think the best monetary system mankind has even invented (Bitcoin) is bringing us back before the establishment of the Federal Reserve, before the Civil War and way before your fraudulent bankster buddies scams to fleece the World of earned and justified work were concocted? Are you really this big of a self righteous moron or are you and your criminal friends really that worried that you have miscalculated Cryptocurrency as the future of payments?
Nothing this man who is hiding behind his fake, elite university degrees can be trusted at all. I can understand people who don’t think Bitcoin is the future because let’s be honest, it’s a tall task to soak up 70 Trillion of fiat paper money. Even the thought of the process this will take can be a ferry tale but, to claim that Crypto which is as close to AI as you can get will set humanity back 300 years is absolutely laughable.
This proves to me beyond a shadow of a doubt that Krugman and well as bankers all over the world are terrified they are loosing power daily and soon the day will come where they will be strung up and skinned alive by the billions they have robbed blind with fake collusion. Bankers and Ferderal Reserve shills like Paul are a disgrace to the human race. They have remained in power through manipulation, brainwashing and trickery. Krugman can not be trusted, he has disqualified himself because of his alliances but, moreover because of his willingness to be the fear monger for the world wide banking cabal.
I say we all double down on Bitcoin and show these bankers and “economists “ who get paid to be their public henchmen with stump speeches that we will not take your control over the monetary system anymore. Bitcoin is doing just fine ya’ll, to think that this prehistoric technology has grown from 1/10 of a penny to 7500.00 usd is proof that they are terrified. Tick Toc Paul Krugman......the world will be hunting you and your bankster buddies down soon, and there will be nowhere to hide. Yale and MIT should be embarrassed that a man like you touts the education you received from them.
Wow! That's a bery informative review
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Paul Krugman disqualified himself long before Bitcoin came along:
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Isn't MIT one of the most valuable universities in the Bitcoin atmosphere? I always think of Yale as amazing for the connections and MIT as some crazy smart individuals. Only think I know for certain about both is that they wouldn't of accepted me. :)
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No... just the confused walking dead who can't even cross a street due to all the tech gadgets in hand.......... BTC will be just fine. Be happy it's cheaper cause as they start hiding the debt within the crypto markets it will be too expensive for the common man.
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An interesting situation and there is something to think about!
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He may buy his degree which he belongs!
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I am agree with you people like krugman are afraid as they and their robbery will have been caught.they will live alone.that is why they are ignoring the progress of bitcoin.and refusing to accept it's importance.
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Excelente publicacion amigo encantado de de tus grandes publicaciones sigue adlente exitos, saludos!
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Nowadays who is fraud , he is most successful person .
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Good Article
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Bitcoin has so many things to offer. The only thing is the redistribution of power away from centralize people(if i can call them that)...
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Awesome photography
Posted using Partiko Android
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Thanks for your good review...
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I fully agree to your view Bitcoin will rock
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you a amazing man and your post also be amazing.
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Bitcoin has a huge impact on ecenomy and coming main in dealing in many countries.
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wow good
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Every one has a different thinking on earth. This man is from mars so no argument @broncnutz
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First i respect you sir. I like your thoughts. Good collection of photos. I always think about economy of a country. I am trying to write a book actually how we can develop economy of our country,India. Thanks.
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It is incredible that this man says these atrocities without responsibility and calls himself so someone with knowledge about economics? Please just a clown who does not know what he says, let's hope that time talks about that topic
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HaHa...If these are the best arguments against Bitcoin we should all run out and get as much of it as we can.
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well sometime their opinions don't matter at all they try to look smart but we all know who they are actually
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Nice post with amazing graphics. hey one of all images looks so danger from man's face. i like it
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awesome concept sir your blog is top class thanks for share your inportant concept.
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Totally agree except for one point.
@urasoul seems to have a handle on what could be going on...
https://steemit.com/steemit/@ura-soul/just-so-we-re-clear-the-tech-manager-of-steemit-is-anti-democracy-and-pro-oligarchy-in-his-own-words
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