{"id":15562,"date":"2026-02-21T09:09:00","date_gmt":"2026-02-21T09:09:00","guid":{"rendered":"https:\/\/tomfarandasfolly.com\/?p=15562"},"modified":"2026-02-21T05:25:57","modified_gmt":"2026-02-21T05:25:57","slug":"buy-sign-for-bitcoin-paul-krugman-says-its-a-bust","status":"publish","type":"post","link":"https:\/\/tomfarandasfolly.com\/?p=15562","title":{"rendered":"Buy sign for bitcoin; Paul Krugman says it&#8217;s a bust"},"content":{"rendered":"\n<p>Hahaha. The former opnion writer for the NY Times &#8211; now has a substack column as he seems to have left the Times by mutual agreement. <\/p>\n\n\n\n<p>Yes I know, he won the Nobel Prize &#8211; for ideas on International Trade, which in his mind made him an expert on everything. For years, begining in 2003, there was a network started by <a href=\"https:\/\/en.wikipedia.org\/wiki\/Donald_Luskin\" data-type=\"link\" data-id=\"https:\/\/en.wikipedia.org\/wiki\/Donald_Luskin\">Donald Luskin<\/a> called the &#8220;Krugman Truth Squad&#8221; to highlight his errors and distortions. <\/p>\n\n\n\n<p>Here are just two of his many stupid opinions &#8211; in 1998 saying <a href=\"https:\/\/www.laphamsquarterly.org\/revolutions\/miscellany\/paul-krugmans-poor-prediction?utm_source=perplexity\" data-type=\"link\" data-id=\"https:\/\/www.laphamsquarterly.org\/revolutions\/miscellany\/paul-krugmans-poor-prediction?utm_source=perplexity\">the growth of the internet will slow drastically <\/a> and more recently &#8211; 2021 &#8211;<a href=\"https:\/\/www.nytimes.com\/2022\/07\/21\/opinion\/paul-krugman-inflation.html?utm_source=perplexity\" data-type=\"link\" data-id=\"https:\/\/www.nytimes.com\/2022\/07\/21\/opinion\/paul-krugman-inflation.html?utm_source=perplexity\">inflation would be transitory<\/a>. At least he admitted he was wrong on inflation &#8211; a year later. I could list many more but you get the point. <\/p>\n\n\n\n<p>Anyway this is a buy sign for bitcoin and a solid indicator that bitcoin is here to stay. Of course the last five minutes is spent attacking Trump and his family. <\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"Nobel Laureate Paul Krugman Calls Bitcoin &#039;Total Bust&#039;\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/6uGoAaov9lU?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Hahaha. The former opnion writer for the NY Times &#8211; now has a substack column as he seems to have left the Times by mutual agreement. Yes I know, he won the Nobel Prize &#8211; for ideas on International Trade, which in his mind made him an expert on everything. For years, begining in 2003, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14,9,17],"tags":[],"class_list":["post-15562","post","type-post","status-publish","format-standard","hentry","category-economics-and-politics","category-investing-and-business","category-people"],"_links":{"self":[{"href":"https:\/\/tomfarandasfolly.com\/index.php?rest_route=\/wp\/v2\/posts\/15562","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tomfarandasfolly.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tomfarandasfolly.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tomfarandasfolly.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/tomfarandasfolly.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15562"}],"version-history":[{"count":2,"href":"https:\/\/tomfarandasfolly.com\/index.php?rest_route=\/wp\/v2\/posts\/15562\/revisions"}],"predecessor-version":[{"id":15564,"href":"https:\/\/tomfarandasfolly.com\/index.php?rest_route=\/wp\/v2\/posts\/15562\/revisions\/15564"}],"wp:attachment":[{"href":"https:\/\/tomfarandasfolly.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15562"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tomfarandasfolly.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15562"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tomfarandasfolly.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15562"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}