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.



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