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Thank You, Paul Krugman, for Making the Case for Light-touch Crypto Regulation
Paul Krugman deserves a lot of credit. He provides a living example of why people should not be given unchecked power to make decisions for others. In case you haven’t heard, Krugman thinks crypto is dumb—“nothing but ‘technobabble and libertarian derp.’” That’s fine. We’re all entitled to our opinions. Krugman also thought the Internet was overrated, writing in 1998 that “by 2005 or so, it will become clear that the Internet’s impact on the economy has been no greater than the fax machine’s.” Krugman, though, even gets credit in connection with this woefully incorrect prediction because he ... (full story)