Bitcoin Gets A Boost: Joseph Stiglitz Hates It

, Malcolm A. Kline, Leave a comment

The Columbia University economist has sort of a reverse Midas touch when it comes to his chosen field.

Fifteen years ago he predicted, in a paper he wrote for Fannie Mae, that there would be no housing crisis and taxpayers would not be on the hook for any.

Then he turned around and blamed the housing crisis, when it did occur, on the war in Iraq.

More recently, he gave his blessing to the economic policies in Venezuela that led to mass starvation.

Now he is on a crusade against Bitcoin, and, honestly, it never looked so good.