By CCN: The Dow surged by triple digits on Tuesday after Donald Trump slammed "stupid" Nobel-winning economist Paul Krugman, who continues to warn that the U.S. economy is on the brink of recession even as the stock market bounds toward record highs. Dow Rallies Toward Record High Just ahead of the closing bell, the Dow Jones Industrial Average had raced to a 123.91 point or 0.47 percent...
Noted bitcoin basher and Nobel Prize-winning economist Paul Krugman has warned that the global economy could be headed for a recession this year, according to CNBC. Per Krugman, the recession could occur towards the end of this year or in 2020: I think that there is a quite good chance that we will have a recession late this year (or) next year. According to the economist who won the 2008 Nobel...
American economist Paul Krugman has taken another swing bitcoin, arguing that the prominent cryptocurrency, as well as its peers, represents a 300-year economic regression and will “likely” experience a “total collapse.” Writing in his regular New York Times column, Krugman -- who has at various times published articles lambasting bitcoin as “evil” and “the long cryptocon” -- lays out a case for...
American Economist Paul Krugman has written another anti-Bitcoin piece that, believe it or not, is much less accurate than Krugman's original Bitcoin article released in late 2013 on the New York Times, titled Bitcoin is Evil. In the "evil" article, Krugman didn't support his titular claim within the text of the opinion article. In fact, it's almost as if he wrote his article in response to...
Some people have talked about the idea of a government creating its own cryptocurrency, and Bernankoin gives us a peak into how that could work. Individuals who are worried about the horrors of deflation can rest easy because Bernankoin is here to provide rising prices to all markets. Instead of trusting the free market to properly allocate resources throughout the entire economy, Bernankoin...
Dr Patrick Byrne, CEO of Overstock.com, sure loves Bitcoin. It's unsurprising, seeing as his company has seen massive Bitcoin transactions since Overstock began accepting Bitcoin a few weeks ago with over $100,000 in sales. But in a recent interview with conservative news outlet Rare, Byrne discusses his views on Bitcoin and counters Paul Krugman's assertion that "Bitcoin is Evil". [soundcloud...