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"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."
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Exlpore more Finance quotes
"I don't know which I hate most my bills or the money I pay them with..."
"Better give a shilling than lend and lose half a crown."
"Misers makes money their lord, but the spenders makes it their slaves and servants."
"But, in truth, it had not exactly been gold, or even the promise of gold, but more like the fantasy of gold, the fairy dream that the gold is there, at the end of the rainbow, and will continue to be there forever - provided, naturally, that you don't go and look. This is known as finance."
"Thirty to 40 years ago, most financial decisions were fairly simple."
"The Republican Party is not in the hands of the Jewish lobby in America as the Democratic Party must look quite often to Jewish money to finance candidates."
"Rich People plan for three generationsPoor people plan for Saturday night."
"An intelligent investor sees an opportunity in dip than risk."
Explore more quotes by Noam Chomsky
"We have a democracy that uses free elections to put in place known obstructionists, and a media that disproportionately gives a forum to economically driven ideology over sound science."
"Both political parties have moved to the right during the neoliberal period. Today's New Democrats are pretty much what used to be called "moderate Republicans. The "political revolution that Bernie Sanders called for, rightly, would not have greatly surprised Dwight Eisenhower.The fate of the minimum wage illustrates what has been happening. Through the periods of high and egalitarian growth in the '50s and '60s, the minimum wage-which sets a floor for other wages-tracked productivity. That ended with the onset of neoliberal doctrine. Since then, the minimum wage has stagnated (in real value). Had it continued as before, it would probably be close to $20 per hour. Today, it is considered a political revolution to raise it to $15."
"If you're teaching, say, physics, there's no point in persuading a student that you're right. You want to encourage them to find out what the truth is, which is probably that you're wrong."
"Unlimited economic growth has the marvelous quality of stilling discontent while maintaining privilege, a fact that has not gone unnoticed among liberal economists."
"In 1993, Israel and North Korea were moving towards an agreement in which North Korea would stop sending any missiles or military technology to the Middle East and Israel would recognize that country. President Clinton intervened and blocked it."
"The idea that you have to avoid teaching evolution or pretend you're not teaching it is unique in the industrial world. And the statistics are mind-boggling. Roughly half the population think the world was created a couple thousand years ago."
"Science is a bit like the joke about the drunk who is looking under a lamppost for a key that he has lost on the other side of the street, because that's where the light is. It has no other choice."
"It is useful to remember that no matter where we turn, there is rarely any shortage of elevated ideals to accompany the resort to violence."
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