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Paul Krugman Continues to Dismiss Crypto as "Techno Babble"

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Mon, 05/10/2021 - 19:16
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Alex Dovbnya
Prominent economist Paul Krugman is not budging on his cryptocurrency skepticism
Paul Krugman Continues to Dismiss Crypto as "Techno Babble"
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During his recent CNN interview, American economist Paul Krugman made it clear that he still wasn’t a fan of crypto in spite of the massive rally.    

The Nobel laureate called the new asset class “a combination of libertarian derp and techno babble."

Krugman emerged as one of Bitcoin’s harshest critics as early as 2011 with New York Times op-ed called “Golden Cyberfetters.”

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As reported by U.Today, Krugman claimed that Bitcoin never fulfilled its promise of being money during his December interview. Krugman also recently told Business Insider that the supporters of Modern Monetary Theory and crypto are the hardest groups of people to talk to:

The two groups of people that are not all that political who I find the hardest to talk to are supporters of MMT and cryptocurrency.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.