“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: +81,300%
As published by Huffpost
Paul Krugman: Bitcoins Would Have Been Considered Foolish By Adam Smith ↗
A little perspective.
Bitcoin on that day$93.00April 13, 2013
$100 at that price$81,400At our latest price check
Illustrative value using a Bitcoin price of $75,702, checked Nov 6, 2026, 3:28 PM UTC. Excludes fees, taxes, and inflation. A price change alone does not settle the original criticism.
Paul Krugman appears in 6 recorded obituaries. 20 declarations were recorded in 2013.
Keep the receipt.
Bitcoin Is Dead. “Paul Krugman: Bitcoins Would Have Been Considered Foolish By Adam Smith” — Paul Krugman, Huffpost, April 13, 2013. Bitcoin: $93. https://bitcoindeaths.com/posts/2013-04-13-paul-krugman-bitcoins-would-have-been-considered-foolish-by-adam-smith