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Krugman On Bitcoin and the Gold Standard

Posted by timothy on from the break-enough-windows-to-encourage-spending dept.

twoallbeefpatties writes "Prominent Keynesian economist Paul Krugman has left a note on his blog at NYTimes about his view of Bitcoin, discussing its similarity to the gold standard and suggesting a drop in 'real gross Bitcoin product' as its users hoard the currency rather than spend it."

1 of 601 comments (clear)

  1. Re:This oughtta be good for... by brainzach · · Score: 0, Offtopic

    Because Keynesian economics is the only model that explains the Great Depression and current financial crisis.