And a light bulb went on in my head.

I spent an hour thumbing through chapter 12 of Debt, noting Graeber's factual and analytical howlers, and setting up a Sub-Turing Evocation of myself on http://futuretweet.com. The Evocation would, every couple of days, automatically send out a tweet or two about something wrong with Graeber's chapter 12.

For one thing, Graeber thinks that the participants in the meetings of the Federal Reserve's decision-making body--the Federal Open Market Committee--are eighteen private bankers and one person, the Chair, appointed by the President. In actual fact the participants in FOMC meetings consist of (a) the seven Governors of the Federal Reserve (of whom one is Chair) all of whom are appointed by the President with the advice and consent of the Senate, and (b) the twelve heads of the regional Federal Reserve Banks, all of whom must be approved by a majority vote of the Governors and who are not private bankers seeking profits but rather heads of government-sponsored enterprises that do not view maximizing their bottom lines as their goals. Rather than one out of nineteen, all nineteen FOMC participants are either chosen by the President (with the advice and consent of the Senate) or by the President's appointees. Graeber does not get it right.