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Krugman advances two main arguments against cryptocurrency. One of them, it turns out, applies equally well to the U.S. dollar, a point Krugman fails to acknowledge. Neither argument carries much sting, and in fact cryptocurrencies can parry Krugman’s criticisms without breaking a sweat.

Krugman Column

“Transaction Costs and Tethers: Why I’m a Crypto Skeptic” (July 31, 2018)

Contra Column

“Dear Krugman, Here are 7 Problems That Cryptocurrencies Solve,” by Mark E. Jeftovic

Book Mentioned

Understanding Bitcoin, by Bob Murphy and Silas Barta

Related Article

“Let There Be Money,” by Bob Murphy

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