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Krugman, in a real way, is why Bitcoin exists. He literally advocated a housing bubble. (Broken Window fallacy) The housing bubble collapsed causing bailouts
by bittcto 8y ago
Krugman, in a real way, is why Bitcoin exists.
He literally advocated a housing bubble. (Broken Window fallacy)
The housing bubble collapsed causing bailouts of banks.
Bitcoin is a direct response to this nationalization of private losses. Not to mention the century of financial corruption that preceded it.
Satoshi was not coy.
The genesis block contains the text: “Chancellor on brink of second bailout for banks”.
Of course Krugman is a “skeptic”.
Bitcoin repudiates his entire career, ideology and work, and is having a significant positive impact in the world.
Unlike Krugman.
Every year bitcoin continues it gets stronger, it rewards supporters and forces the corrupt banking system Krugman endorses into the light a bit more.
Krugman and other nocoiners hate bitcoin?
Bitcoin don’t care.
This is what you have to understand about bitcoin:
Bitcoin doesn’t have to care.
It’s the first real tool of individual financial sovereignty.