Democracy Now! interview on the book “Debt”
2 Aug 2011
David Graeber on Democracy Now!
Amy Goodman interview with David Graeber and Paul Mason (who says that bad debt is cumulated stupidity)
David Graeber: 2008 marks a break in the world history. Like 1972, when the US went off the gold standard, it became clear that money is not a thing. It is an arrangement between people. The whole global financial system is created politically and it has to be periodically recreated.