Looking at the OP's topic, I was forced to open the thread and go through the message he was trying to pass and all I've got to say is that the so called economist and noble price whatever is saying thrash I'm even wondering how he won the noble price, I think he's a one of those Bitcoin haters who can't stand it's decentralization and is still hoping it would be controlled by the government. Well, if my instincts are right about him then he's a loser cause Bitcoin is a decentralised crypto asset that is ran by it's miners and everyday users without the control of any institution, financial sectors or the government and that's one way it's benefited the world economically not to talk of the transaction speed when carrying out transactions anywhere at any point in time. Moreover when it comes to asset class Bitcoin has proved over time to be a very good asset for investment and I won't be suprised if such hypocrite called Paul Krugman is holding Bitcoin currently.
he would rather not have it and be a slave to the bank forever.
his view on Bitcoin is valid, because he may not like Bitcoin. but of course, it will get strong opposition from all of us who have felt how to get economic benefits from investing and using Bitcoin.
I wonder how he would feel if in the future the government would finally legalize Bitcoin as legal tender in most parts of the world. would he still hold on to his opinion?