There is no plausible theory under which the record of the Pentagon Papers can be interpreted as relating to the national defense.
Noam ChomskyRead
Debt is a social and ideological construct, not a simple economic fact.
Interpretation
Debt is shaped by societal beliefs and norms rather than just financial principles.
Noam Chomsky emphasizes that debt should not be viewed merely as a financial obligation; instead, it is influenced by social values and ideological beliefs. This perspective suggests that how we perceive and manage debt is deeply rooted in the cultural and political context, challenging the notion that debt is an isolated economic issue.
In practice
In a financial literacy seminar to explain the broader aspects of debt.
There is no plausible theory under which the record of the Pentagon Papers can be interpreted as relating to the national defense.
The 'free-floating intellectual' may occupy himself with problems because of their inherent interest and importance, perhaps to little effect.
If you're teaching today what you were teaching five years ago, either the field is dead or you are.
There are very few people who are going to look into the mirror and say, 'That person I see is a savage monster;' instead, they make up some construction that justifies what they do.
The Republican Party has become overwhelmingly so extreme that it's hardly a traditional political party anymore.
There is still much debate about whether torture has been effective in eliciting information - the assumption being, apparently, that if it is effective, then it may be justified.
The best and most sustainable love story for markets is one based on a healthy and dynamic real economy that creates jobs and opportunities for many more people.
Thirty years ago, many economists argued that inflation was a kind of minor inconvenience and that the cost of reducing inflation was too high a price to pay. No one would make those arguments today.
The natural effect of low interest is to increase trade and industry; because undertakings of every kind can be prosecuted with greater advantage.
Policy makers should be compelled to take action given the serious costs of long-term unemployment when overall unemployment is already high. A week of unemployment is worse when it is experienced as part of a longer spell.
An economy can survive with 10% of the population insolation. It can't survive when 50% of the population is in isolation.
Government control of the economy, no matter in whose behalf, has been the source of all the evils in our industrial society -- and the solution is laissez-faire capitalism, i.e., the abolition of any and all forms of intervention in production and trade, the separation of State and Economics, in the same way and for the same reasons as the separation of Church and State.
Subscribe for the occasional hand-picked quote. No noise.