Exploring the Infallibility of Market Prices in Economics

Later this year (hopefully!), I'll start a year-long series analyzing and explaining David Graeber's first big book Debt. This episode is a prequel that introduces you to some of Graeber's conclusions about economics and money, and how they fit in with Modern Monetary Theory

In 2019, less than a year before he died, Graeber wrote a piece for the New York Review of Books in which he explained, very concisely, what was wrong with the field of economics and how it’s ruined everything. Debt is the long story with all of the receipts. This is the more like the epilogue, or maybe the prologue.

I'll have an episode discussing Graeber's article with the MMT economist Dirk Ehnts later this month