Tag: steve hanke

Feb 01 2022

A Rebuttal To Paul Krugman’s Tone-Deaf And Out-Of-The-Loop Opinion Piece

Nobel Prize winner Paul Krugman doesn’t know when to stop. After more than a decade of being wrong about Bitcoin, he keeps adding bad takes to his resume. In his latest piece, “How Crypto Became the New Subprime” he willfully shows his...

Jan 07 2022

President Nayib Bukele Responds to Popular Economist’s Critique of His Proposed Bitcoin City

El Salvador President Nayib Bukele has replied popular U.S-born Economist Steve Hanke for his recent comments about Salvador's proposed Bitcoin City. President Nayib Bukele Mocks Popular...

Oct 20 2021

Nayib Bukele Responds To Steve Hanke Sarcastically As Bitcoin Price Shoots

The price of Bitcoin has always been in a swinging motion that can surge or dip without notification. This confirms the volatile nature of cryptocurrency. El Salvador is one of the countries that has legally adopted BTC as legal tender. However, the first day of implementation of the law in September saw the price of BTC plummet. Nayib Bukele, the President of...

Oct 18 2021

News From El Salvador, Mid October: Bitcoin Earnings, Pet Hospital, Motorcycles

Time to check back with El Salvador. Their Bitcoin experiment is well underway, and it’s already showing results. Are these results positive or negative? You be the judge of that. We’ll just present the facts, the tweets, and the photos. Can you believe everything the people we’re quoting say? Of course not. Everyone has an agenda. However, a clear picture is emerging. And...

Aug 23 2021

National Review Vs. El Salvador: Can’t Criticize Bitcoin, Turns To Nayib Bukele

The National Review hosted notorious Bitcoin critic Steve Hanke as he turned his eye to a new target, President Nayib Bukele. Time and time again, Bitcoin proves this fiat-fueled economist wrong. However, his job depends on him finding ways to criticize El Salvador’s Bitcoin Law. Hanke’s...

Jun 18 2021

Steve Hanke Calls El Salvador’s President “Stupid” For Making Bitcoin Legal Tender

Steve Hanke has condemned the legalization of Bitcoin in El Salvador. The economist believes the decision will “completely collapse" El Salvador’s economy. He called the move "stupid." His reasoning around this being that El Salvador is a dollarized nation and making Bitcoin legal tender would be detrimental to the economy. Professor Hanke was on Kitco News to talk about monetary policies around the...

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