Basically, because they’re allowed to create money out of thin air — and then lend that money at an interest rate. This video explains how it works.
by Jerome Roos on August 7, 2011
ROAR Magazine is an online journal of the radical imagination that seeks to amplify the voice of our generation amid the clamorous cacophony of a rapidly changing world. Read more...
Mark Mazower's excellent essay in The Nation on Greece's ongoing crisis.
David Graeber's practical Utopian's guide to the coming collapse: an extract from his new book.
New study finds Reinhart & Rogoff's economic justification for austerity to be based on faulty data.
Thomas Herndon, the 28-year-old grad student who just shook the global austerity movement.
David Graeber finds himself in academic exile: an interview in the Chronicle of Higher Education.
Verso Books announcing the 6th Subversive Festival, The Utopia of Democracy, in Zagreb this May.