What else to expect from corporate media protecting the money printing press...

Peak NYT on Bitcoin, the new Krugman op-ed:

-Calls BTC the “new sub-prime”
-Says it has “few legal applications”
-Gaslights by saying the non-white, working-class majority of US BTC buyers has been hurt
-Govt has “failed to protect the public” from BTC

It manages both to seem futuristic and to appeal to old-style goldbug fears that the government will inflate away your savings, and huge past gains have drawn in investors worried about missing out. So crypto has become a large asset class even though nobody can clearly explain what legitimate purpose it’s for.

How can you dismiss inflation fears so casually when we're at a 40-year inflation high? It's so sad he's taken seriously by anyone.