Krugman's rants can be safely ignored. He either genuinely thinks that the solution to problems created by printing and borrowing way too much money is.. printing and borrowing shitloads more money, or he doesn't actually think that and is a government shill instead.

Either way, he's not to be trusted.

>> BitCoin looks like it was designed as a weapon intended to damage central banking and money issuing banks, with a Libertarian political agenda in mind—to damage states ability to collect tax and monitor their citizens financial transactions

So? Damaging States' ability to forcefully confiscate everyone's wealth is a distinctly good thing, here in the real world.