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2013-12-30 — againstcronycapitalism.org
What Krugman fears is that these alternative currencies will undermine not only the central banks, but more importantly for him, the "state." He fears that people will opt out of the dollar. That the ability of the Federal Reserve to print will be limited by the unwashed masses who simply want their money to be worth something. God forbid. This in turn puts Krugman's dream of a statist coercive "utopia" at risk.
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