Imagine how much worse the pandemic would have been if we had a fixed supply of money - Varoufakis

... Which couldn't just be expanded rapidly by the Fed in response to economic upturns and downturns.

An apolitical supply of money, like gold.

It's not that governments have political authority and power to do things, but how they use it, for him. Non-democratic. Any concentration of power which is unequal and not answerable to the people. And also the central power of Google, Facebook, private sources of concentrated power.

"Decentralizing money like Bitcoin simply creates bitcoin oligarchs. It is not a safe route to democratizing money." Just replacing fiat oligopolies with bitcoin oligopolies.