Showing posts with label deficit hawks. Show all posts
Showing posts with label deficit hawks. Show all posts

Sunday, 25 September 2011

The good that dare not speak its name




David Graeber the anarchist anthropologist probably doesn't share much with American neo-liberal deficit hawks.  But perhaps he shares this one thing:  a desire to engage in a discourse about debt with virtually no mention of the estimated value to society or individuals of the act of borrowing. For the US deficit hawks - especially these days - it doesn't seem to matter that government debt buys you a lot of public goods.  Those goods are not often discussed in any meaningful way.  Instead, the emphasis is on the danger and downside of governments holding these debts.