Noam Chomsky on Student Debt as a Life Trap

„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.“

Noam ChomskyNoam Chomsky explains why student debt is a lifelong trap and laws hardly allow for debt relief.
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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.

Noam Chomsky warns about the long-lasting effects of student debt and the impossibility for individuals to discharge it in bankruptcy.


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Noam Chomsky quote about student debt as a lifelong trap

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 by Ronald Reagan about government debt, inflation, and taxesCopyright © yoice.net – Quote Artwork
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"When a business or an individual spends more than it makes, it goes bankrupt. When government does it, it sends you the bill. And when government does it for 40 years, the bill comes in two ways: higher taxes and inflation. Make no mistake about it, inflation is a tax and not by accident." Ronald Reagan
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