Explanation about the inverse relationship between the government and private sector debt (on Guardian)

28 Oct 2015

External link

David Graeber: debt and what the government doesn't want you to know

There is one taboo of economics that the government is hiding from the public, argues David Graeber: it is the fact that if the government balances its books, it becomes impossible for the private sector to do the same. And, he claims, this inevitable debt often gets landed on those in society least able to pay it back.