I think you may have misread Graeber. He is NOT advocating for commodity/debt-free currency. His whole point is that money started as credit - only later was

I think you may have misread Graeber. He is NOT advocating for commodity/debt-free currency. His whole point is that money started as credit - only later was it viewed as commodity, and only occasionally. Money effectively is both commodity and an IOU. Attempts to force it into one category or another eventually leads to social breakdown. The key question for our time is how to craft a stable monetary system that is decentralized. We don't know how to do this yet, and Bitcoin is not likely the answer BECAUSE it is finite (which would be catastrophic, as gold was). Crypto currencies can and should grow in experimentation but this one has a fundamental flaw. http://www.theguardian.com/culture/2011/dec/16/note-worthy-new-money-graeber http://www.theguardian.com/culture/2011/dec/16/note-worthy-n...