Alihuseyn Gulu-Zada

Nobel laureate Paul Krugman compared stablecoins to crisis-prone free banking

Nobel laureate in economics, famous economist and geographer, and member of the American Philosophical Society, Paul Krugman, expressed his latest opinion on stablecoins. He did so on his official Twitter page.

A modern version of free banking

Thus, Dr. Krugman praised the joint scientific work of economists Gary Gorton and Jeffrey Zang, entitled “Taming Wildcat Stablecoins,” expressing his full agreement with what was written there.

Then he continued his thoughts by comparing stablecoins to banks. Dr. Krugman noted that stablecoins are just a modern…

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