KRUGMAN = WEAK SOURCE = MONEY HAS TO BE BACKED BY MEN WITH GUNS
Paul Krugman in 1998: Internet’s Economic Impact No Greater Than Fax Machine
Economist and Nobel Prize winner Paul Krugman says that “in principle, you can have assets, which are considered valuable, even though there is nothing backing them,” but he is skeptical about what drives the recent surge of the bitcoin.
Read more: http://www.businessinsider.com/paul-krugman-on-bitcoin-2013-12#ixzz2p7UcOjMV
NOW KRUGMAN IS SAYING BITCOIN IS NO GOOD BECAUSE A MILITARY FORCE DOES NOT IMPOSE IT ON THE WORLD.
Paul Krugman = Known for saying very odd things = strongly against monetizing debt BEFORE the Federal Reserve decided to roll out “quantitative easing” = debt monetization
KRUGMAN = Fond of death and destruction to drive economic output.
KRUGMAN = Fan of death panels to deal with the unfunded liabilities of entitlement programs.