Must-Watch: Why Govt Debt Is OK

From The Guardian, David Graeber: debt and what the government doesn’t want you to know – video

There is one taboo of economics that the government is hiding from the public, argues David Graeber: it is the fact that if the government balances its books, it becomes impossible for the private sector to do the same. And, he claims, this inevitable debt often gets landed on those in society least able to pay it back