Nobel-Winning Economist Shiller: Bitcoin Could Be Another Failed Monetary Experiment

The advent of the cryptocurrency market is mimicking that of some of history’s most failed monetary experiments, according to Robert Shiller.
Shiller: ‘No One Can Explain How Cryptocurrencies Work’
Writing in a new blog posted today, the Yale professor and Nobel-winning economist wrote that enthusiasm for the cryptocurrency market remains strong despite warnings that it could be a scam. ‘One must bear in mind that attempts to reinvent money have a long history,’ he