“Now here we are in a world of high information technology — and people think it’s smart, nay cutting-edge, to create a sort of virtual currency whose creation requires wasting real resources in a way Adam Smith considered foolish and outmoded in 1776.”
Paul Krugman, Economist · Bitcoin since: +68,605%
As published by Huffpost
Paul Krugman: Bitcoins Would Have Been Considered Foolish By Adam Smith ↗