In this episode with Bitstein, we break down Paul Krugman’s errors in his NYT “Transaction Costs and Tethers: Why I’m a Crypto Skeptic” column, as well as other topics:
- Mischaracterisation of what money’s purpose is
- Krugman’s ‘nirvana fallacies’ in money
- Why fiat money is an aberration and more akin to a ‘fad diet’ than bitcoin
- Why Everyone Is a Scammer and the Scammer heuristic
- Bitcoin Maximalism – is it descriptive or prescriptive?
- UNIX philosophy
Links:
- Michael Goldstein Twitter: @bitstein
- Nakamoto Institute Website
- Nakamoto Institute Crash Course
- Nakamoto Institute – The Skeptics
- Everybody’s a Scammer article
- Hoppe video – “How to respond to Paul Krugman”
- Justmeat.co
- Paul Krugman column, Transaction Costs and Tethers: Why I’m a Crypto Skeptic
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