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Bitcoin

Category - Economics

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Which of the following Nobel Prize winning economists wrote a piece in The New York Times speaking out against Bitcoin because it “encourages hoarding”?

Alvin E. Roth.
Robert Shiller.
Paul Krugman.
Gary S. Becker.

Explanation

Answer: A - Paul Krugman wrote a piece in The New York Times speaking out against Bitcoin because it “encourages hoarding.” In this piece, he discusses how the proper role of a currency is to facilitate transactions and argues that Bitcoin encourages its owners to hoard rather than use the currency.

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Bitcoin

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Bitcoin

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