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

The Contra Cruise!

Join Bob, Tom, and special guests for the third Contra Cruise — the best liberty week of the year!

Need More Episodes?

Tom and Bob have their own podcasts! Check out the Tom Woods Show and the Lara-Murphy Report.