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Use Politics to Fix Economy
- Political action must expand money supply and public investment to break deflation and pessimism.
- Technology can digitize money but cannot replace necessary progressive politics for economic stability.
Greece's Parallel Payment System Plan
- Varoufakis planned a digital parallel payment system in Greece to maintain economic transactions during bank closures.
- This system allowed tax-backed liquidity usage for businesses without central bank monetization rights.
Early Days as Finance Minister
- Within days of taking office, Varoufakis learned Greece had only 11 days before defaulting.
- The Eurogroup threatened bank closures to force Greece into submission for austerity measures.


