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“Notice the irony: in a world ideologically dominated by monetary conservatism, and ringing with long sermons about the perils of printing money, the effective money supply had been turned over to privateers [private banks] bent on flooding the markets with money of their own making [ex. CDOs, which act as stores of value + means of exchange]. How did this differ, really, from handing the Fed’s printing presses over to the mafia? There is not much difference, is the honest answer.”
― Yanis Varoufakis, The Global Minotaur: America, the True Origins of the Financial Crisis and the Future of the World Economy