Milton Friedman vs Paul Krugman (Internet & Bitcoin)

[Load of Bullion]

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.

Krugman - Bitcoin is Evil

 

[Phiber]

Haha good post mate
Cheers

 

[mmm....shiney!]

Isn't krugman wonderful?

 

[matt71]

Isn't krugman wonderful?

yep..i think he could possibly fall into the catagory of 'useful idiot'

 

[trew]

Isn't krugman wonderful?

yep..i think he could possibly fall into the catagory of 'useful idiot'

I think you're stretching it a bit there with the 'useful'

 

[TreasureHunter]

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: