David Graeber: BoE let the cat out of the bag


The Bank of England just put out a pdf called Money creation in the modern economy. It details how the sausage gets made, and that’s nothing like what you learned in economy class – it’s not called “economy class” for nothing.

David Graeber, the writer of the essential Debt: The First 5000 Years, took note. Here’s his column at The Guardian.