Nobel Prize-Winning Economist: Crypto the Latest in a Pattern of Alternative Currencies

in cryptocurrency •  11 months ago


The 2013 Nobel laureate of Economics Robert Shiller calls crypto the newest iteration of alternative currency ideas, In a May 21 article entitled “The Old Allure of New Money” .

Shiller cites John Pease Norton’s “electric dollar” and other historical parallels of rejected innovations which serve to illustrate, in his opinion, why Bitcoin and cryptocurrencies are doomed to fail. He also notes that governments are actively engaged in sounding the alarm bells, but that the devotees ignore them at their own peril.

To know more about this news please Visit CryptoMercy News Channel :
CryptoMercy News Channel

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!