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 Reichswirtschaftsministerium ('Reich Ministry of Economic Affairs') tells the shop managers what and how to produce, at what prices and from whom to buy, at what prices and to whom to sell. It assigns every worker to his job and fixes his wages. It decrees to whom and on what terms the capitalists must entrust their funds. Market exchange is merely a sham.
It is a singular advantage of taxes on articles of consumption that they contain in their own nature a security against excess. They prescribe their own limit, which cannot be exceeded without defeating the end purposed - that is, an extension of the revenue.
That economic decisions are made without certain knowledge of the consequences is pretty self-evident. But, although many economists were aware of this elementary fact, there was no systematic analysis of economic uncertainty until about 1950.
The first requisite of a sound monetary system is that it put the least possible power over the quantity or quality of money in the hands of the politicians.
The only way to make sure no bank is too big to fail is to make sure no bank is too big.
The evidence of history speaks with a single voice. I do not know any exception to the proposition that if you compare like with like, the freer the system, the better off the ordinary poor people have been.
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