Paul Krugman

@paulkrugman ↗

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Last Checked Feb. 23, 2022

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Wed Jan 26 13:08:51 +0000 2022

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Paul Krugman @paulkrugman

First: crypto faithful comparing this to "crypto winter" of 2017-18, which was comparable in percentage terms. But bc crypto so much bigger now, so is size of capital loss — around $1.5 trillion v $500 billion 2/ https://t.co/Z4RYXUUxBc — PolitiTweet.org

Posted Jan. 26, 2022

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Paul Krugman @paulkrugman

Doing some background homework on the crypto crash, and parallels to subprime 15 years ago. Yes, I know the HODLers see it as a buying opportunity, and they could be right — not doing price predictions, just trying to think this through 1/ — PolitiTweet.org

Posted Jan. 26, 2022

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Paul Krugman @paulkrugman

Still, it's a big world out there. $1.5 trillion is about 7% of US GDP, and many of the losses falling on residents of other countries 3/ — PolitiTweet.org

Posted Jan. 26, 2022