1. David Graeber: There's no need for all this economic sadomasochism →

    The intellectual justification for austerity lies in ruins. It turns out that Harvard economists Carmen Reinhart and Ken Rogoff, who originally framed the argument that too high a “debt-to-GDP ratio” will always, necessarily, lead to economic contraction – and who had aggressively promoted it during Rogoff’s tenure as chief economist for the IMF –, had based their entire argument on a spreadsheet error. The premise behind the cuts turns out to be faulty. There is now no definite proof that high levels of debt necessarily lead to recession.

    - anarchist economist David Graeber for The Guardian

  2. A conversation with anarchist anthropologist David Graeber and Charlie Rose: Debt, Greece and Occupy Wall Street