Debt: the First 5000 Years – a new book about an old problem

From David Graeber, the author: ============= Hello, friendly strangers, I’m delighted to announce my new book…. ——————————————— DEBT: THE FIRST 5000 YEARS ——————————————— is finally, finally out! http://www.amazon.co.uk/Debt-First-5-000-Years/dp/1933633867 This is a work of scholarship, and politically engaged, but it’s also an attempt to break out of the usual academic and activist ghettoes, and I wrote [...]

What’s so dishonest about our money system?

Let me count the ways: Banks create Credit from thin air and dare to ‘sell’ it for ‘interest’, when they could provide an honest service. Governments borrow and pay interest and dare to charge us taxes, when they could issue interest-free Cash into the economy. “Credit” created by banks (and other financial institutions) from thin [...]

Everything is workin: excellent “positive parody” to “Everything is Broken”

This video of 4.5 minutes is good fun. It shows how “the debt message” can be conveyed in a million and one ways and especially by quoting headlines…

4 of the Most Important Quotes in Economics

I found these quotes on the Money as Wealth blog: 1. “…the actual creation of money always involves the extension of credit by private commercial banks.” – Russell L. Munk, Assistant General Counsel, Department of the Treasury 2. “Money is created when loans are issued and debts incurred; money is extinguished when loans are repaid.” [...]