This is an easy one to understand. Krugman was a proponent of mass inflation, aka. helicopters of money, as a solution to the credit crisis. Bitcoin makes it b

This is an easy one to understand. Krugman was a proponent of mass inflation, aka. helicopters of money, as a solution to the credit crisis. Bitcoin makes it basically impossible to manipulate the money supply the way the Fed has done to navigate the 2008 crisis. Krugman sees Bitcoin as a threat to the central banks ability to stabilize the economy.