Could Krugman Be Telling the Truth or Covering His Tracks?
Paul Krugman is a big name in the world of economics. He is a Nobel laureate in his field, published a few dozen books and often writes articles for the New York Times. His style of Neo-Keynesian economics has drawn criticism from some but has widely been applauded by academia.
Krugman & Bitcoin
Paul Krugman is known to many in the Bitcoin and cryptocurrency community as a huge nay-sayer. He has widely criticized Bitcoin, decentralization, and even blockchain technology in the past. He has even as gone as far as to brand Bitcoin as evil as far back as 2013.
Bitcoin Is Evil http://t.co/m1ydwzRFL1— Paul Krugman (@paulkrugman) December 28, 2013
While Krugman has had some bad takes in the past his distaste for cryptocurrencies seems to go beyond that of other critics. This includes harsh critics such as economist Nouriel Roubani and "goldbug" Peter Schiff. Krugman has famously said the following in 1999: "The growth of the Internet will slow drastically, as the flaw in 'Metcalfe's law' becomes apparent: most people have nothing to say to each other! By 2005, it will become clear that the Internet's impact on the economy has been no greater than the fax machine's"
Seeing Krugman's bad take on the internet when it was booming could indicate that he is very wrong on cryptocurrencies.
Krugman's Child Pornography Problem
Earlier today Paul Krugman tweeted out a very bizarre tweet which was subsequently deleted. In the tweet he claims that unknown hackers planted child pornography on his computer. This raised many eyebrows.
Krugman later deleted the tweet and later posted: "The Times is now on the case."
This is even stranger as he seemingly preferred to contact the press to investigate and not the authorities.
A reporter and former NYPD officer by the name of John Cardillo weighed in on Twitter.
In 100% of the child porn cases I came across where the perp claimed somebody planted the CP on their computer, forensics proved them to be lying.— John Cardillo (@johncardillo) January 8, 2020
The very high profile arrest and later suicide of Wall Street financier Jeffery Epstein seems to echo in Krugman's case. While we cannot know for sure if Krugman's claims are true, they definitely are bizarre.
Written by Jonathan Ganor
Writer & cryptocurrency aficionado