Krugman: How Crypto Became The New Subprime \ stacker news ~bitcoin

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Krugman: How Crypto Became The New Subprime archive.ph/A0Exy

15 sats \ 7 comments \ @soggycakes 28 Jan 2022 bitcoin

1 sat \ 1 reply \ @cryptocoin 28 Jan 2022

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

0 sats \ 0 replies \ @247bf84fda 25 Aug freebie

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0 sats \ 1 reply \ @kxdemon 30 Jan 2022

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

0 sats \ 0 replies \ @247bf84fda 25 Aug freebie

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0 sats \ 1 reply \ @k00b 28 Jan 2022

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.

0 sats \ 0 replies \ @247bf84fda 25 Aug freebie

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0 sats \ 0 replies \ @247bf84fda 25 Aug freebie

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