Milton Friedman vs Paul Krugman (Internet & Bitcoin)

Discussion in 'Digital Currencies' started by Load of Bullion, Jan 22, 2014.

  1. Load of Bullion

    Load of Bullion Well-Known Member

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    Milton Friedman predicts the internet will be "one of the major forces for reducing the role of government" in 1999.
    Friedman also predicts the invention of an "e-cash" in 1999. This is ten years prior to the release of Bitcoin in 2009.
    (see video)
    [youtube]http://www.youtube.com/watch?v=6MnQJFEVY7s[/youtube]

    ..VS...

    Paul Krugman on the internet. 1998.

    [​IMG]

    Krugman - Bitcoin is Evil

    [​IMG]
     
    Load of Bullion, Jan 22, 2014
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  2. Phiber

    Phiber Well-Known Member Silver Stacker

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    Haha good post mate
    Cheers
     
    Phiber, Jan 22, 2014
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  3. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    Isn't krugman wonderful? :rolleyes:
     
    mmm....shiney!, Jan 22, 2014
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  4. matt71

    matt71 Member

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    yep..i think he could possibly fall into the catagory of 'useful idiot'
     
    matt71, Jan 22, 2014
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  5. trew

    trew Active Member Silver Stacker

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    I think you're stretching it a bit there with the 'useful'
     
    trew, Jan 22, 2014
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  6. TreasureHunter

    TreasureHunter Well-Known Member

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    Both Krugman and Friedman made strong points!

    I suppose the web will continue to grow for a while, then it will become saturated.

    It's a bubble! :lol:
     
    TreasureHunter, Jan 22, 2014
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