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Quote by Yanis Varoufakis

“... toxic derivatives were underpinned by toxic economics, which, in turn, were no more than motivated delusions in search of theoretical justification; fundamentalist tracts that acknowledged facts only when they could be accommodated to the demands of the lucrative faith. Despite their highly impressive labels and technical appearance, economic models were merely mathematized versions of the touching superstition that markets know best, both at times of tranquility and in periods of tumult.”

Quote by Yanis Varoufakis

Book:The Global Minotaur: America, Europe and the Future of the Global Economy
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The Global Minotaur: America, Europe and the Future of the Global Economy

This book delves into the economic dynamics between the United States and Europe, examining their roles and the future implications for the global economy. more

Author

Yanis Varoufakis
Yanis Varoufakis

Yanis Varoufakis is a Greek economist and politician who served as the Finance Minister of Greece from 2015 to 2015. He is known for his role in the Greek debt crisis and his advocacy for a more democratic economic system. more

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