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What Mr Draghi should be aiming at: Or how to move from Ponzi Austerity to Rational Crisis Management by a stepwise implementation of the Modest Proposal
Yanis Varoufakis 2 Years, 6 Days, 3 Hours, 50 Minutes ago
Ponzi growth happens when unsustainable capital flows, wilfully predicated upon funding schemes that Reason knows to be fraudulent, give rise to large spurts of economic activity. Ponzi austerity, in contrast, is what happens when unsustainable spend...



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Punishment or Aid? Holland’s TROUW newspaper sets up a debate between myself and Hans Werner Sinn
Yanis Varoufakis 2 Years, 6 Days, 3 Hours, 57 Minutes ago
You may recall the mental experiment that I suggested for working out the true, underlying mood towards Greece (and the rest of the Periphery). Now TROUW has published that piece, in translation of course, and has juxtaposed against Hans Werner Sinn&...