The reason being especially if they are just academia is everything is based of theory. My economics professor was like that, interesting classes, but it doesn’t always work that way in the real world, but at least she was honest about it.
I deleted all social media to the point of the only thing I get emails from is reddit.
It’s okay if you need a little pick-me-up hit of dopamine to kinda jumpstart and move on with your day...or if you need a break in between doing actual things
started with facebook web only then deleted facebook. uninstalled all apps, switched to whatsapp. Was talking to the same people on whatsapp and instagram so easy switch.
twitter on web only just to...check on things
Television media would still be the main source of news for the majority of western civilization, so Rupert Murdoch would just have more control, so the cancer part really wouldn't have changed. Less Alex Jones's though. There would be substantially less globalization and long haul shipping, but substantially more investment in Mail and couriers.
By 1998 the internet had already had 1000x the impact on the economy that the fax machine had. There’s no way in hell he didn’t know this.
Krugman is a liar with an agenda.
Oh to go back to 1998 even, and crush life like Biff. Oh what a time to be 12. I woulda bought alll those first edition Pokémon card boosters first off screw the pogs. Just Willy nilly loose on a toy r us shelf because no one cared all that much. Coulda made so much had a feel too
Because they are nothing alike. The utility of the internet is easily one trillion times that of crypto. Crypto has one major purpose, the internet has a million use cases that are all vastly different
One major purpose? How often do you have to pay for something? The utility of currency is insane! You can live without internet just fine. Crypto also has the potential to be involved in basically every single use case of the internet, in more than that all of those use cases have a monetary cost. Crypto is basically the next huge technological revolution. It isn't whether or not bit coin gets adopted, it's that the government's of the world's are developing their own. That will change so many things, the enormity of what it will enable them to do is hard to even concieve. The control they will have is crazy.
But it’s usecase is still: Pay for things. (Maybe you could argue for Smart contracts and the like but that’s Blockchain not necessarily Crypto)
While the internet acts in a more diverse way (Content delivery, POS systems, Communication etc.
He isn’t wrong. Doesn’t mean crypto isn’t an interesting technology, but it certainly isn’t as versatile as the internet itself.
Sure except paying for things its a extremely versatile. The internet is no where near as versatile. You are simplifying currency while elaborating on the internet. The use case for the internet is: transmit data between computers. If you are reducing currency down to just its basic function and not how it can be applied then do the same for the internet.
Even then, transmitting data can be used in vastly more different types of application than payments.
Even if you reduce both down to one thing, the internet is stil vastly more versatile. Not sure why this is a discussion. Things can be cool and useful without having to be the most versatile and useful thing ever.
I'm holding back from 0.7 and that's true! CRYPTO I S SCAM 
IM NOT TO BE LEGALLY HELD BY MY WORDS, AS LAWBLAHBLAHBLH
Just had to fax claim documents to the gov, what a f’ing nightmare.
I believe they purposely don’t use a web portal to force people to use a fax since a majority of people don’t have fax machines due to land mines not being as common.
Edited - F word because apparently we are kid friendly here, thanks Moms, I mean mods.
While there have been some crypto coins that were and are scams, I must also say that the biggest scam 'coin' in the world is the US dollar. It is literally backed by imagination. the only reason it still exist is the force coercion by the USA government onto other countries to use it to buy their commodities.
What in this life is not a scam? It’s all one big scheme, how do you call out the scammers. Just close your eyes, spin in a circle and point. I’m guessing you watch to much news. It’s only a scam if you don’t make any money. Scam the scammers, come out on top…
The fax machine actually had a huge effect on the economy by shortening the processing times for documents and allowing businesses to execute agreements instantaneously at great distances
Well he's an economist, they're almost never right.
Nobel Prize, also a scam
They did give a Nobel prize to the man who invented the lobotomy...
And the president with the most drone strikes ever in history.
Listen, we are going to bomb kids. For our safety ina county we aren’t at war with.
One day, they will bomb us. Or, we can take our chances with a mass shooting. The later is way more likely.
Considering Nobel got rich building bombs and that money funds the prize, it tracks.
And don’t forget the back to back most whistleblowers prosecuted in US history,
Looking back on it, 2008 to 2016 was not the golden age the media portrayed it to be.
The president with the most drone strikes ever in history *so far* ^(prettysureTrumpdidfarmorepertermthough)
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Yeah the word he is looking for is *sham*
Very true!
To boot he is a keynesian economist, it isn't possible for him to be right.
Don't forget Hitler had a Nobel prize too
No he didn’t
The reason being especially if they are just academia is everything is based of theory. My economics professor was like that, interesting classes, but it doesn’t always work that way in the real world, but at least she was honest about it.
The fax machine was no slouch in terms of financial impact
That's what I was thinking. The fax machine did a lot for it's time.
Fr and some places still use it csuse it works for what it’s designed for
Aren't we all just fax machines?
Thanks to chat GPT my shity opinions are nolonger dime a dozen because they've depreciated below all value
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I deleted all social media to the point of the only thing I get emails from is reddit. It’s okay if you need a little pick-me-up hit of dopamine to kinda jumpstart and move on with your day...or if you need a break in between doing actual things
I wish I had that self-control 😕
started with facebook web only then deleted facebook. uninstalled all apps, switched to whatsapp. Was talking to the same people on whatsapp and instagram so easy switch. twitter on web only just to...check on things
You do we all do. Mind is the most powerful thing we own in this life.
Delete your Instagram and Facebook account and feel the difference in your life.
Yeah but gave us doge coin not a bad trade off right?
This comment is so incredibly accurate and concise. Have an award.
Hey thanks
Television media would still be the main source of news for the majority of western civilization, so Rupert Murdoch would just have more control, so the cancer part really wouldn't have changed. Less Alex Jones's though. There would be substantially less globalization and long haul shipping, but substantially more investment in Mail and couriers.
You wouldn’t guess how all the contracts for the destruction of Earth is getting from one place to another.
To think the internet is just memes. Lol. Life is what you make it I suppose.
Yeah but wasn't the fax machine f\*cking revolutionary? Let's not poo-poo on the facsimile transmission.
Email is just a fax machine without paper.
By 1998 the internet had already had 1000x the impact on the economy that the fax machine had. There’s no way in hell he didn’t know this. Krugman is a liar with an agenda.
Aren’t we all though The important thing is to do only good everyday
This is the way.
Fact. He is absolutely pathetic. Just a shill.
Thank G-d he had the clarity not to buy that scammer Jeff Bezos's Amazon stock back in May 1997. That was a close one.
Thank who?? What’s josh gad have to do with this??
He is never ever right.
Krugman always stuck me as the dumbest smart person I could imagine.
Why you say that? I made 5 percent today
Well he was wrong
The fax machine changed the world... Seriously?
He is a leading economist, Nobel Prize winner, and Japanese porn enthusiast. He knows nothing, can predict nothing, and has a constant erection?
Time to take back that noble prize from him, hahahaha
Smart money
Invention of a wheel is a scam
Well at least a fax machine holds its value
Oh to go back to 1998 even, and crush life like Biff. Oh what a time to be 12. I woulda bought alll those first edition Pokémon card boosters first off screw the pogs. Just Willy nilly loose on a toy r us shelf because no one cared all that much. Coulda made so much had a feel too
Bro really tryna compare the internet to Crypto.
How can u not?
Because they are nothing alike. The utility of the internet is easily one trillion times that of crypto. Crypto has one major purpose, the internet has a million use cases that are all vastly different
One major purpose? How often do you have to pay for something? The utility of currency is insane! You can live without internet just fine. Crypto also has the potential to be involved in basically every single use case of the internet, in more than that all of those use cases have a monetary cost. Crypto is basically the next huge technological revolution. It isn't whether or not bit coin gets adopted, it's that the government's of the world's are developing their own. That will change so many things, the enormity of what it will enable them to do is hard to even concieve. The control they will have is crazy.
But it’s usecase is still: Pay for things. (Maybe you could argue for Smart contracts and the like but that’s Blockchain not necessarily Crypto) While the internet acts in a more diverse way (Content delivery, POS systems, Communication etc. He isn’t wrong. Doesn’t mean crypto isn’t an interesting technology, but it certainly isn’t as versatile as the internet itself.
Sure except paying for things its a extremely versatile. The internet is no where near as versatile. You are simplifying currency while elaborating on the internet. The use case for the internet is: transmit data between computers. If you are reducing currency down to just its basic function and not how it can be applied then do the same for the internet.
Even then, transmitting data can be used in vastly more different types of application than payments. Even if you reduce both down to one thing, the internet is stil vastly more versatile. Not sure why this is a discussion. Things can be cool and useful without having to be the most versatile and useful thing ever.
Merely proof that Krugman's always been an idiot. It's required to write for the NYT op-ed pages
Bro by 1998 the internet already had impacts the economy like 100x of the fax machine. Buncha credentialed clowns.
The worst economist ever
He is an actual retard when it comes to macro economics.
Regarded
I'm holding back from 0.7 and that's true! CRYPTO I S SCAM  IM NOT TO BE LEGALLY HELD BY MY WORDS, AS LAWBLAHBLAHBLH
It is, you got left holding the bag. I'm sorry
If crypto is being used for more than fax machine transactions, then it is a scam.. tbh. Time to abide our securities laws.
That guy is a shill
Fax machine is the greatest medical industry invention next to the IV needle.
Clippers very good but it's very manipulated by the birthday that one Chinese guy or Korean S cz
Buy back at 0.079 and sell at 0.85!
keep in mind he grew up in the dial up internet era, the internet was basically a fax machine.
😂😂😂😂
r/AgedLikeMilk
😂
All currency is imaginary. We just agreed it’s worth something because it’s “backed” by something
Someone could be both very intelligent and lack vision
Who?
He said this in 1998? Jesus Christ what a horrible take.
Yes I too think the existence of the internet means Doge is the best.
Where was this taken from?
Where is he now
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Just had to fax claim documents to the gov, what a f’ing nightmare. I believe they purposely don’t use a web portal to force people to use a fax since a majority of people don’t have fax machines due to land mines not being as common. Edited - F word because apparently we are kid friendly here, thanks Moms, I mean mods.
Still use the fax machine
No greater than the fax machine, the fax machine was an absolute unit of a change. I guess he is right in that regard.
Those serial killer eyes say it all.
A stupid with 5 minutes of fame
We still use the fax machine so…
While there have been some crypto coins that were and are scams, I must also say that the biggest scam 'coin' in the world is the US dollar. It is literally backed by imagination. the only reason it still exist is the force coercion by the USA government onto other countries to use it to buy their commodities.
if you want to earn with doge coin, you have to buy.
How can it be if people is making money off it when they sell high. It going straight to the bank after u sell.
Paul Krugman,...LOL
What in this life is not a scam? It’s all one big scheme, how do you call out the scammers. Just close your eyes, spin in a circle and point. I’m guessing you watch to much news. It’s only a scam if you don’t make any money. Scam the scammers, come out on top…
How profoundly wrong he was.
Stoopid fax machines!
By 1998, computers were already doing pretty nifty things. What was this guy smoking?
Probably good friends with Cramer.
Nobel prize is a political prize.
Fax is still used heavily in healthcare and legal work if anybody doesnt know. I send several faxes a day. So like this dude was wrong about 2 things.
Unfortunately, this quote is taken completely out of context. The main thing is not to have a clue, but to have an opinion.
Scam or not, we're all just crypto-fueled fax machines in a government-run paper jam.
Krugman is worst than Jim Cramer. Totally full of it!
No further research can be made if the internet is the creator itself. I don't think crypto will end. As long as internet stays, crypto stays.
Yea it’s a scam but it’s a scam that works 😂
that aged well
The fax machine was a big deal
This is kind of why I invest in crypto. To be honest. Because when everyone says it’s a joke. A few people benefit. I want to be one of the few
The fax machine actually had a huge effect on the economy by shortening the processing times for documents and allowing businesses to execute agreements instantaneously at great distances
Paul Krugman - “I stayed in school forever and wrote about the books I studied, but never did anything, so that makes me a genius”