Economist Tyler Cowen confirms there are good reasons to be crypto-skeptical.

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Cryptocurrency is truly a new idea, and it's rare for society to encounter fundamentally new ideas.

Cryptocurrency is well positioned to serve a crucial financial and transactional role as a globalized internet grows to include more of our lives.

Crypto enthusiasts espouse grand plans that do not sound realistic, while crypto skeptics fail to appreciate the revolutionary nature of the technology.

Read the video transcript ► https://bigthink.com/series/devils-advocate/crypto-skeptics/

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About Tyler Cowen:
Tyler is the Holbert L. Harris Chair of Economics at George Mason University and serves as chairman and general director of the Mercatus Center at George Mason University. He is co-author of the popular economics blog Marginal Revolution and co-founder of the online educational platform Marginal Revolution University.

Tyler also writes a column for Bloomberg View, and he has contributed to The Wall Street Journal and Money. In 2011, Bloomberg Businessweek profiled Tyler as “America’s Hottest Economist” after his e-book, The Great Stagnation, appeared twice on The New York Times e-book bestseller list.

He graduated from George Mason University with a bachelor's degree in economics and earned a Ph.D. in economics from Harvard University. He also runs a podcast series called Conversations with Tyler. His latest book Talent: How to Identify Energizers, Creatives and Winners Around the World is co-authored with venture capitalist Daniel Gross.

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Read more of our stories on cryptocurrency:
Behind the crypto hype is an ideology of social change
► https://bigthink.com/the-present/crypto-ideology-of-social-change/
Inside the crypto black markets of Argentina
► https://bigthink.com/the-present/crypto-black-market-argentina/
Cryptocurrency and the “greater fool” theory of economics
► https://bigthink.com/the-present/greater-fool-theory-cryptocurrency/

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