This week we cover debt and look at it through the lens of David Graeber’s book on the history of debt and money. This is a thought-provoking book and was timed perfectly in the aftermath of the financial crisis. Was history barter then currency then debt or is Graeber right that debt was the original grease of commerce? Should we use examples that he points to as fixes or is he another communist adjacent academic that hates capitalism? The theory proposed is an interesting one and far better written that economics textbooks. We end with a discussion on the student loan issue and why forgiving such debt in the manner it was partially done was a political decision of picking winners and creating many losers.
Intro Music: Home - Resonance
Host: Matt McInnis
The podcast’s Twitter account is here.
Last week’s episode is below…
