Paul Krugman

@paulkrugman ↗

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Last Checked June 5, 2021

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Wed May 19 17:46:59 +0000 2021

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Paul Krugman @paulkrugman

Its value rests on the perception that it's a technologically sophisticated way to protect yourself from the inevitable collapse of fiat money, which is coming one of these days, or maybe one of these centuries. Or, as I say, libertarian derp plus technobabble 3/ — PolitiTweet.org

Posted May 19, 2021

Preceded By

Paul Krugman @paulkrugman

BTC isn't a new innovation; it's been around since 2009, and in all that time nobody seems to have found any good legal use for it. It's not a convenient medium of exchange; it's not a stable store of value; it's definitely not a unit of account 2/ — PolitiTweet.org

Posted May 19, 2021

Followed By

Paul Krugman @paulkrugman

But I've given up predicting imminent demise. There always seem to be a new crop of believers. Maybe just think of it as a cult that can survive indefinitely 4/ — PolitiTweet.org

Posted May 19, 2021