Nobel-Winning Economist Robert Shiller Equates Cryptos to Failed Currencies

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Throughout history, people have tried to reinvent money, and while new inventions have created a buzz for some time, none of them have succeeded. Bitcoin and other cryptos are just the latest in a long line of such inventions, according to renowned American economist and crypto critic Robert Shiller. In a blog post appropriately titled “The Old Allure of New Money”, Shiller recounted various instances in which new forms of currency have been invented, including the Cincinnati Time Store of 1827, all of which have faded away after the initial excitement died off. Deep Yearning For A Revolution Among the examples Shiller referenced

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