> Marx seemed like a goldbug in vol. 1 of Capital, but
> by vol. 3 he was emphasizing how credit broke
> beyond the limits of capitalist possibilities. It seems
> like we're living in that world.
yes, exactly. Julio can attest that this is what frustrated me immensely about reading volume one.
"The logical and historical precedence of commodity money over fiat money (I know Graeber thinks differently, but I am unimpressed with his understanding of the issues, and I'm past the mid point of his book) is akin to the logical and historical precedence of commodity production with respect to capitalist production proper. " really? you don't think he has a real grasp of the issues? I find that surprising. perhaps we can have this conversation when you finish the book.
-- -Nathan Tankus ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------