Anarchy at the Fed!

Doug Henwood has the story:

The central bankers [staff economists at the New York Federal Reserve] recently had David Graeber, author of Debt: The First 5,000 Years, down to talk to them, where he told them about the need for debt relief. He reports that they were very receptive to his message, fearing another economic crisis if nothing is done, though they probably wouldn’t go as far as his call for a Jubilee-style writeoff. It is utterly fascinating that this Vatican of capital called a prominent anarchist intellectual in for a consultation.


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