Dec 10, 2014

Monday Smackdown: Back to David Graeber's "Debt: the First 5000 Mistakes" (Brad DeLong's Grasping Reality...)

In the absence of even acceptable-quality DeLong Smackdowns this past week, what to do? Back to David Graeber! What do we have on the menu today? A continuation of our death march through chapter 11 of David Graeber's *Debt*, of course! For the backstory... First we have: Well, no: 1. Europe had a greater share of gold and silver mines than it had of population. That gave Europe a high price...

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