Noam Chomsky Quote on Debt as a Social Construct

„Debt is a social and ideological construct, not a simple economic fact.“

Noam ChomskyNoam Chomsky emphasizes that debt is a social and ideological construct, not merely an economic fact.
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Noam Chomsky is an American linguist, philosopher, and political activist, renowned for his work in linguistic theory and critical social analysis.

This statement by Noam Chomsky questions the traditional view of debt, emphasizing its social and ideological dimension.


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Noam Chomsky quote about debt as a social and ideological construct

Born in 1928, Noam Chomsky is a prominent linguist, cognitive scientist, philosopher, and political activist. He is widely regarded as the father of modern linguistics and revolutionized the field with his theory of generative grammar. Additionally, Chomsky is known for his critical analyses of politics and mass media.

Quote about money creation and debt by G. Edward GriffinCopyright © yoice.net – Quote Artwork
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"In truth, money is not created until the instant it is borrowed. It is the act of borrowing which causes it to spring into existence. And, incidentally, it is the act of paying off the debt that causes it to vanish." G. Edward Griffin
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Quote about banks and money creation by G Edward GriffinCopyright © yoice.net – Quote Artwork
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"When banks place credits into your account, they are merely pretending to lend you money. In reality, they have nothing to lend. Even the money that non-indebted depositors have placed with them was originally created out of nothing in response to someone else's loan. So what entitles the banks to collect rent on nothing? It is immaterial that men everywhere are forced by law to accept these nothing certificates in exchange for real goods and services. We are talking here not about what is legal, but what is moral." G. Edward Griffin
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