Well, this is encouraging!


Where is Graeber now, by the way? The professor-activist-author (Brendan wrote about him here), who had a hand in founding Occupy Wall Street, alleged last week he's been singled out for eviction from his New York family home of 52 years.

Meanwhile, he continues to poke holes in capitalism in his column for The Guardian:

The Bank of England let the cat out of the bag. In a paper called "Money Creation in the Modern Economy", co-authored by three economists from the Bank's Monetary Analysis Directorate, they stated outright that most common assumptions of how banking works are simply wrong, and that the kind of populist, heterodox positions more ordinarily associated with groups such as Occupy Wall Street are correct. In doing so, they have effectively thrown the entire theoretical basis for austerity out of the window.

Read the whole, stupefying thing here.