Like many with fancy credentials, he appears to have little practical knowledge. I feel sorry for anyone that took economics classes at Boston U, and I wonder how many other Bitcorns are out there in colleges, banks, credit card companies and Govt regulatory agencies.
Economics is a form of indoctrination, the goal being for you to think within a particular narrow framework about the world and capitalism. It should come as no surprise that people with advanced training in Economics cannot think freely.
Economics is a colored lens through which these people see the world. The problem is that they have long since forgotten how to take the glasses off.
Case in point: Paul Krugman