16 Matching Annotations
  1. Feb 2022
    1. If banks no longer receive deposits, how will they issue loans?

      It seems Anne O. Krueger is clueless about NMT economics, or credulous to the banker's myth that deposits feed loans.

  2. Nov 2021
    1. «Τα capital controls μέσα σε μια νομισματική ένωση είναι μία αντίφαση. Η ελληνική κυβέρνηση αντιτίθεται σε αυτή τη σκέψη», έγραψε σήμερα ο Γιάνης Βαρουφάκης

      Ακούγεται ειρωνικό το σχόλιο, σα να μην τον πολυπειράζει, αλλά δείχνει πως οι Ευρωπαίοι ειναι που αρνούνται τις αρχές τους.

    1. The climate catastrophe we're facing is the result of three issues, three processes.
      1. The tragedy of the commons, the free-rider problem
      2. Coordination (money is there)
      3. Capitalist beast eating up everything to survive.

      The first 2 are solvable - for the 3rd we need to reconsider [[property rights]].

    2. I want to to encourage you to join DiEM25 because we are doing an enormous amount of work. Yesterday

      [[DiEM25 ]] still had no "plugin architecture", and asks all of us to join - it's not feasible, please find ways for all people to help your purpose, and the opposite.

    3. but it's also the question of property rights. [

      [[Varoufakis]] is very serious about [[property rights]], so it's [[communism]] without calling the cursed word :-)

  3. Mar 2021
    1. «νομοθετούμε μόνο με όρους και ας μας πετάξουν από το ευρώ». Γιατί δεν έχει σημασία τι νόμισμα έχεις, όταν έχεις μία σπασμένη οικονομία και έχεις προπληρωμή φόρου 100% δεν πα να έχει το δολάριο, το γιεν, το ευρώ, δεν προχωράει αυτό το πράγμα.
  4. Apr 2020
    1. Varoufakis stammelt vom Untergang der Europäischen Union. Wir werden alle betroffen sein, selbst die Reichen. Alarmismus, abgeschmackte Bildsymbolik. Völlig unkonkret. Er hält dagegen, was die EU ganz ohne ihn schon vorhat: Eurobonds und nahhaltige Fonds. Und ein BGE.

  5. Jul 2015
    1. So they delayed and then came up with the kind of proposal you present to another side when you don’t want an agreement.
    2. YV: The answer is no, and the reason is very simple: from the very beginning those particular countries made it abundantly clear that they were the most energetic enemies of our government, from the very beginning.
    3. So what we have is a non-existent group that has the greatest power to determine the lives of Europeans. It’s not answerable to anyone, given it doesn’t exist in law; no minutes are kept; and it’s confidential. So no citizen ever knows what is said within. … These are decisions of almost life and death, and no member has to answer to anybody.
    4. YV: Oh completely and utterly. Not attitudes – by the finance minister of Germany. It is all like a very well-tuned orchestra and he is the director. Everything happens in tune. There will be times when the orchestra is out of tune, but he convenes and puts it back in line.
    5. Instead it should lead to major concessions to the other side: the meeting of the council of political leaders, with our Prime Minister accepting the premise that whatever happens, whatever the other side does, we will never respond in any way that challenges them.
    6. our Eurozone is a very inhospitable place for decent people.
    7. my constant proposal to the Troika was very simple: let us agree on three or four important reforms that we agree upon, like the tax system, like VAT, and let’s implement them immediately. And you relax the restrictions on liqiuidity from the ECB. You want a comprehensive agreement
    8. You put forward an argument that you’ve really worked on – to make sure it’s logically coherent – and you’re just faced with blank stares.
    9. “This is a horse and either you get on it or it is dead.”