Its David Graeber, and the book is good. I had similar epiphany's with The Wealth of Nations, and Wealth and Poverty of Nations.
These things should be taught in public education but aren't, likely because of ideological indoctrination.
Unbacked debt breaks the guard rails for rational pricing of both products and labor. In the 1770s, it was recognized that the price of labor couldn't go below what it costs to raise 4 children with a spouse, which was necessary to have 1 make it alive to 18.
These things should be taught in public education but aren't, likely because of ideological indoctrination.
Unbacked debt breaks the guard rails for rational pricing of both products and labor. In the 1770s, it was recognized that the price of labor couldn't go below what it costs to raise 4 children with a spouse, which was necessary to have 1 make it alive to 18.