Paul Krugman: Bitcoin Is An Evil Libertarian Long Con

Paul Krugman, the Nobel prize-winning economist and NY Times columnist, thinks Bitcoin is nothing more than a "long con" with an evil libertarian agenda:

At the end of 2013 I wrote a post titled “Bitcoin is evil,” riffing off Charlie Stross’s “Why I want Bitcoin to die in a fire.” Charlie and I both keyed in on the obvious ideological agenda: Bitcoin fever was and is intimately tied up with libertarian anti-government fantasies.


In an earlier column, Krugman cited Charlie Stross' explanation of that agenda:

BitCoin looks like it was designed as a weapon intended to damage central banking and money issuing banks, with a Libertarian political agenda in mind—to damage states ability to collect tax and monitor their citizens financial transactions.


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