New York Times' Paul Krugman calls cryptocurrencies a 'scam'

Remember ‘The Big Short’?” asked Krugman. “그만큼 2010 book by Michael Lewis, made into a 2015 필름, told the story of the 2008 global financial crisis by following a handful of investors who were willing to bet on the unthinkable — the proposition that the huge rise in housing prices in the years before the crisis was a bubble, and that many of the seemingly sophisticated financial instruments that helped inflate housing would eventually be revealed as worthless junk.

Even though there was clear evidence that housing prices were out of line, it was hard to believe they could be far out of line,” 그가 썼어.

It just didn’t seem plausible that markets, and the conventional wisdom saying that markets were OK, could be that wrong,” Krugman recalled. “But they were. Which brings us to the current state of crypto.

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The entrance to the New York Times building in New York City, 새로운.

The entrance to the New York Times building in New York City, 새로운. (DON EMMERT/AFP via Getty Images)

Krugman noted that, according to the Federal Trade Commission, crypto is used for fraud and questioned its real world usefulness.

Last week the Federal Trade Commission reported that ‘cryptocurrency is quickly becoming the payment of choice for many scammers,’ accounting for ‘about one of every four dollars reported lost to fraud,’” he reported. “Given how small a role cryptocurrency plays in ordinary transactions, that’s impressive,” 그는 계속했다.

He recalled being at meetings regarding cryptocurrency in whichskepticsraised concerns about the product’s real purpose and what theydo that can’t be done more easily with more conventional means of payment.

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이번 2월. 9, 2021 사진, the Bitcoin logo appears on the display screen of a cryptocurrency ATM at the Smoker's Choice store in Salem, N.H.  (AP Photo/Charles Krupa, 파일)

이번 2월. 9, 2021 사진, the Bitcoin logo appears on the display screen of a cryptocurrency ATM at the Smoker’s Choice store in Salem, N.H. (AP Photo/Charles Krupa, 파일)

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