We Need to Talk about Yanis Varoufakis

How much error can he cram into a single article?

There is something about crypto and DeFi which turns commentators brains to mush. Ditto commentators and Donald Trump. Put them together and the mixture is rich indeed. So we make allowances. Even so, Yanis Varoufakis (economist, former Greek finance minister, modish biker jacket etc) has produced one of the most extreme examples of determined gibberish I’ve seen recently. Published by Unherd, his warnings about the US Genius Act, passed this week in an attempt to build a US regulatory environment for stablecoins, are truly lurid. Let’s listen: