The Bank of England's dose of honesty throws the theoretical basis for austerity out the window. David Graeber - The Guardian. Tuesday 18 March 2014 10.47 GMT. Back in the 1930s, Henry Ford is supposed to have remarked that it was a good thing that most Americans didn't know how banking really … [Read more...] about The truth is out: money is just an IOU, and the banks are rolling in it