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"The advertising industry's prime task is to ensure that uninformed consumers make irrational choices, thus undermining market theories that are based on just the opposite."
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"That policy which aims at raising the objective exchange-value of money is called, after the most important means at its disposal, restrictionism or deflationism. This nomenclature does not really embrace all the policies that aim at an increase in the value of money. The aim of restrictionism may also be attained by not increasing the quantity of money when the demand for it increases, or by not increasing it enough. This method has quite often been adopted as a way of increasing the value of money in face of the problems of a depreciated credit-money standard."
"Neither has the wealth of a country any bearing on the valuation of its money. Nothing is more erroneous than the widespread habit of regarding the monetary standard as something in the nature of the shares of the State or the community.Such observers fail to recognize that the valuation of the rnonetary unit does not depend upon the wealth of the country, but upon the ratio between the quantity of money and the demand for it, so that even the richest country may have a bad currency and the poorest country a good one."
"Miracle focus messages compels masses to think that the process of production is not necessary for prosperity."
"It has been proposed that monetary liabilities should be settled in terms of gold and not according to their nominal amount. If this proposal were adopted, for each mark that had been borrowed that sum would have to be repaid that could at the time of repayment buy the same weight of gold as one mark could at the time when the debt contract was entered into. The fact that such proposals are now put forward and meet with approval shows that etatism has already lost its hold on the monetary system and that inflationary policies are inevitably approaching their end. Even only a few years ago, such a proposal would either have been ridiculed or else branded as high treason."
"The State does not govern the market; in the market in which products are exchanged it may quite possibly be a powerful party, but nevertheless it is only one party of many, nothing more than that. All its attempts to transform the exchange-ratios between economic goods that are determined in the market can only be undertaken with the instruments of the market."
"A variation in the objective exchange-value of money can arise only when a force is exerted in one direction that is not cancelled by a counteracting force in the opposite direction. If the causes that alter the ratio between the stock of money and the demand for it from the point of view of an individual consist merely in accidental and personal factors that concern that particular individual only, then, according to the law of large numbers, it is likely that the forces arising from this cause, and acting in both directions in the market, will counterbalance each other."
"If wealth is a magnet, poverty is a kind of repellent."
"The big print giveth and the fine print taketh away."
Explore more quotes by Noam Chomsky
"Unlimited economic growth has the marvelous quality of stilling discontent while maintaining privilege, a fact that has not gone unnoticed among liberal economists."
"I think maybe the classic formulation was by David Hume in "Of the First Principles of Government," where he pointed out that "Force is always on the side of the governed." Whether it's a military society, a partially free society, or what we - not he - would call a totalitarian state, it's the governed who have the power. And the rulers have to find ways to keep them from using their power. Force has its limits, so they have to use persuasion. They have to somehow find ways to convince people to accept authority. If they aren't able to do that, the whole thing is going to collapse."
"Most problems of teaching are not problems of growth but helping cultivate growth. As far as I know, and this is only from personal experience in teaching, I think about ninety percent of the problem in teaching, or maybe ninety-eight percent, is just to help the students get interested. Or what it usually amounts to is to not prevent them from being interested. Typically they come in interested, and the process of education is a way of driving that defect out of their minds. But if children['s] ... normal interest is maintained or even aroused, they can do all kinds of things in ways we don't understand."
"The Washington leadership has put aside non-proliferation programmes and devoted its energies and resources to driving the country to war by extraordinary deceit, then trying to manage the catastrophe it created in Iraq."
"The smart way to keep people passive and obedient is to strictly limit the spectrum of acceptable opinion, but allow very lively debate within that spectrum-even encourage the more critical and dissident views. That gives people the sense that there's free thinking going on, while all the time the presuppositions of the system are being reinforced by the limits put on the range of the debate."
"There's a War Crimes Act in the United States passed by a Republican Congress in 1996, which says that grave breaches of the Geneva Convention are subject to the death penalty. And that doesn't mean the soldier that committed them - that means the commanders."
"If workers are more insecure, that's very 'healthy' for the society, because if workers are insecure, they won't ask for wages, they won't go on strike, they won't call for benefits; they'll serve the masters gladly and passively. And that's optimal for corporations' economic health."
"It is probable that the most inhuman monsters, even the Himmlers and the Mengeles, convince themselves that they are engaged in noble and courageous acts."
"The Occupy movement did create spontaneously communities that taught people something: you can be in a supportive community of mutual aid and cooperation and develop your own health system and library and have open space for democratic discussion and participation. Communities like that are really important."
"If you give up every time you don't achieve the immediate gain you want, you're just guaranteeing that the worst is going to happen... You can't expect an easy victory after one protest march."
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