[justin66]

I haven't read Debt yet but one can look at the index and jump right to p365 (Federal Reserve Bank - loans to government by, 365-366). It characterizes the Federal Reserve as "a peculiar sort of public-private hybrid" (this is certainly true, and it's a deliberate design feature) and gives an accurate but highly abbreviated description of fractional reserve banking and the Fed's purchase of government bonds.

Nothing on this page tells me that he doesn't understand the system or is attempting to deceive. I don't understand where your objection is coming from. Have you branded Graeber the great deceiver because of a line like "while technically, the Fed cannot lend money directly to the government by buying Treasury Bonds, everyone knows that doing so indirectly is one of its primary reasons for being"? That statement is a lot less controversial than you perhaps believe it is.

Everything on this page seems pretty innocuous, and while I'm sure the whole book is a lot more daring... this doesn't jive with your criticism at all.