ON MONDAY: You are on your way to the fruit market, because you want to buy five oranges. Someone you’ve never met before accosts you on your way and says “Hey, you! Could you buy me five oranges please? I’ll give you the money when you come back and pay you ten pence for doing it”. You think what the hell, and say yes.Daniel Davies tries to explain the FX scandal using the analogy of a fruit market.
Crooked Timber's online seminar on David Graeber's Debt: The First 5000 Years (previously, previously, previously and previously). [more inside]