Joseph Stiglitz, Nobel Laureate and Columbia University Professor, discusses Bitcoin and explains why the digital currency "ought to be outlawed." He speaks on "Bloomberg Surveillance."
https://www.bloomberg.com/news/videos/2017-11-29/joseph-stiglitz-bitcoin-ought-to-be-outlawed-video
https://www.bloomberg.com/news/videos/2017-11-29/joseph-stiglitz-bitcoin-ought-to-be-outlawed-video
This is the guy who admired Hugo Chavez’ dictatorship. And said a few years before Fannie Mae and Freddie Mac failed that they would NEVER FAIL.
He is a fool who loves dictators and will excuse them by any means necessary including lying. And he may be an idiot who got promoted because he was a statist toady. Whatever he says, the opposing is probably true.
The fact that he teaches at Columbia shows how low their standards are.
Here is a good summary:
https://reason.com/blog/2017/11/30/bitcoin-joseph-stiglitz-crypto-outlaw
