I, for one, am very much curious about what Krugman would say about the economic aspects of Bitcoin.
And by the way, why all the disdain for Krugman expressed in this thread? As far as mainstream economists go, I have the utmost respect for him. He has been consistently been correct on his predictions and he has always been coherent with his arguments. Case in point: he clamored against the irresponsible build up of the deficit during the Bush years, because the Keynesian doctrine argues (correctly in my view) that during the "good times" one is supposed to reduce the debt so that a larger margin of maneuver is gained for increasing government spending during the "bad times". Remember that many other economists (Greenspan et al) were actually against having a government surplus and cheered on the irresponsible Bush tax cuts.
Another point of reflection for this forum's hivemind: despite goldbugs having for many years been constantly raving about hyper-inflation, the fact is the US continues to have a rate of inflation that is extremely low by historical standards. A rate so low that deflation is actually a bigger worry. This is exactly the sort of outcome that Krugman predicted given the liquidity trap situation the US found itself in after the 2008 crisis.
I was not expecting to find a krugmanbot in this forum.
Krugman was not a bad economist, but now he is a political hack, a sold out. He has consistently lied and defended the status quo and the central bank by lying to the people that read his blog. For example, his big prediction during the crisis has been that the danger was price deflation or at least some kind of 0% price inflation ala Japan. He said at the end of 2010 that he saw no danger of price inflation and the danger was still price deflation. After 3 or 4 months price inflation jumped up.
But the part that shows more about Krugman is that he blocked long comments in his blog posts because he was getting hammered and riduculed even by fellow keynesians showing how ridiculous his arguments were. So he decided that was not acceptable and shortened the accepted lenght of the comments so no argument was posible. The guy is a political shill with no self respect.
PS: Btw, I would qualify as a goldbug and I have been predicting since the beginning that we wont see hyper-inflation, but stagflation (as we are seeing). As have many other goldbugs. This hyper-inflation thing is just another strawman from Krugman to rally the krugmanbots.