Welcome to Bookmarker!

This is a personal project by @dellsystem. I built this to help me retain information from the books I'm reading.

Source code on GitHub (MIT license).

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7 years, 11 months ago

Germany needed a fixed exchange rate

[...] Germany's export-led economy could never afford its own genuinely free-floating currency. The reason is simple: if the Deutsche Mark's international value were to be determined freely by the money markets, Germany's surpluses would create demand for its money, which would push up its value un…

—p.68 And the Weak Suffer What They Must? An Indecent Proposal (38) by Yanis Varoufakis
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7 years, 11 months ago

Maastricht Treaty

after France and a reunited Germany agreed by the Maastrict Treaty to create the euro. The French conservative daily Le Figaro had this to say on its front page: 'In the 1920s it was said that Germany would pay reparations. Now Germany is paying. The Maastrict Treat is a Versailles Treaty without war!'

—p.67 An Indecent Proposal (38) by Yanis Varoufakis
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7 years, 11 months ago

morass

de Gaulle was stuck in a morass of uncontrolled inflation and rising discontent

—p.63 An Indecent Proposal (38) by Yanis Varoufakis
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7 years, 11 months ago

semiotics

No one can deny that, when it comes to semiology, the French are unbeatable.

on de Gaulle ordering 29,5000 bars of gold from the NY Federal Reserve soon after calling for a return to the gold standard

—p.61 An Indecent Proposal (38) by Yanis Varoufakis
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7 years, 11 months ago

Common Agricultural Policy

to co-opt French farmers, the so-called Common Agricultural Policy was established. Its purpose? To secure the farmers' consent to a European free trade zone by handing over to them a chunk of the cartel's monopoly profits.

—p.60 An Indecent Proposal (38) by Yanis Varoufakis
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