What is money and who rules the world? | Yanis Varoufakis | Escaped Sapiens #46
The Escaped Sapiens Podcast
Common Debt Is Everything. It's What Binds States Together
We have a central bank here in Europe and they have a centralBank. But if you think of how we constructed it, it was as if constructed by morons to serve slaves. So then what does the US have that the EU is lacking? What is it that makes the US function which doesn't allow the EU to function a similar way? Come on, debt. You know the Treasury, the US Treasury. Common debt is everything. It's what binds states together. The fact that the north of England and the south of England share the debt, the national debt, that's what gives substance to countries.
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