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By Chris Abani
By Karen Malpede (Editor); Michael Messina (Editor); Bob Shuman (Editor); Chris Hedges (Foreword)
While banks do not need deposits to create loans, they do need to balance their books; and attracting customer deposits is usually the cheapest way to do it.
west.m (CC BY 2.0)
“It seems unlikely,” anthropologist and author David Graeber writes. “After all, as I and many others have long argued, austerity was never really an economic policy: ultimately, it was always about morality.”
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Posted on Apr 1, 2015
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