Noam Chomsky – “Before the 1970s, banks were banks. They did what banks were sup…”

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Noam Chomsky best Family Quotes – “Before the 1970s, banks were banks. They did what banks were supposed to do in a state capitalist economy: they took unused funds from your bank account, for example, and transferred them to some potentially useful purpose like helping a family buy a home or send a kid to college.”

Noam Chomsky – “Debt is a trap, especially student debt, which is enormous, far …”

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Noam Chomsky best Business Quotes – “Debt is a trap, especially student debt, which is enormous, far larger than credit card debt. It’s a trap for the rest of your life because the laws are designed so that you can’t get out of it. If a business, say, gets in too much debt, it can declare bankruptcy, but individuals can almost never be relieved of student debt through bankruptcy.”