Crypto Has Parallels With Subprime Mortgage Crisis, Says Paul Krugman
The economist sees evidence that the risks of crypto are falling on those who do not know what they're getting into and are less able to handle the downsides.
Updated May 11, 2023, 6:35 p.m. Published Jan 28, 2022, 4:27 p.m.
Nobel Prize-winning Economist Paul Krugman, professor of international trade and economics at Princeton University, speaks during a Bloomberg Television interview in New York, U.S., on Monday, Jan. 28, 2013. Krugman discussed the performance of bonds, Fed monetary policy, and the U.S. economy compared with that of Japan. Photographer: Scott Eells/Bloomberg via Getty Images
