Labyrinth Labyrinth In Greek mythology, the Labyrinth ( "labúrinthos") was an elaborate, confusing structure designed and built by the legendary artificer Daedalus for King Minos of Crete at Knossos. Its function was to hold the Minotaur, the monster eventually killed by the hero Theseus. Daedalus had so cunningly made the Labyrinth that he could barely escape it after he built it. Although early Cretan coins occasionally exhibit branching (multicursal) patterns, the single-path (unicursal) seven-course "Classical" design without branching or dead ends became associated with the Labyrinth on coins as early as 430 BC, and similar non-branching patterns became widely used as
The Global Minotaur took on the role of a 'Global Minotaur'. America was now a deficit nation with a significant trade and budget deficit, which it was able to maintain due to the flow of capital from the world's surplus nations into Wall Street. To explain why capital was invested in America in this way, Varoufakis outlines four 'charismas' of the Minotaur that compelled the world's economy to accept America's new role in the global economy. First the status of the dollar as the world's reserve currency, and as the currency in which energy was denominated. Second, rising global energy costs due to