Mike Beggs read Debt, and he didn’t like it. [1] The book’s “main arguments,” he says, are “wholly unconvincing.” That’s too bad. Debt is certainly not without its flaws, but I think Jacobin has missed a good opportunity to connect David Graeber’s opus with the broader conversation economics on the Left. Mike sees Debt as [...]

Paul Krugman is puzzled by the European Central Bank: I’ve been hearing various attempts to explain the ECB’s utterly bizarre refusal to cut interest rates… The most popular story seems to be that the ECB wants to “hold politicians’ feet to the fire”, letting them know that they won’t get relief unless they do what’s necessary (whatever [...]