Yanis Varoufakis

speaker
1,142 appearances 3 recordings 2 series first heard Jan 2026 last heard 3 May

Yanis Varoufakis’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months
1 · May OctJan 26AprJulnow

Recordings per month over the last 12 months — 3 in all, peaking in May 2026 with 1.

Appearances

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So, to conclude, welcome to techno-fidelism.
Yes, thank goodness.
Well, last year, after Liberation Day and the tariffs going through the roof and the market panic and so on, I was writing my op-ed saying that, look, let's not make a big deal out of it.
It's going to be far less significant than other things that have happened.
So the Nixon shock was far more important than the Trump shock.
And you still think that?
I still think that.
In the sense that you also saw that a lot of these tariffs were absorbed, at least when it comes to basic goods, because demand for those basic goods is quite elastic.
So it simply shrunk the profit margins of the vendors.
And yes, there was a recessionary wave that these tariffs caused.
But then you had a splurge in AI investment that canceled it out and even overtook it.
That's why the markets recovered very quickly.
You had central banks reducing interest rates.
That was also ameliorating for the Liberation Day shock and so on.
But now, with the war in Iran, by the way, I think that this is to my detriment, my psychological detriment, but I thought that up until the war in Iran, Trump was winning everything.
He won the tariff war with the European Union.
He was decimating the Democrats in the United States.
He created a Praetorian Guard, turning federal government to a fascistic instrument.
He was winning, unfortunately.
Now with this Iran war, I think he's going to lose everything because he has unleashed a stagflationary wave that is going to substantially damage the West.
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