“The Federal Reserve has an official commitment to two different policies. One is to prevent inflation from getting too high. The second is to maintain high employment... the European Central Bank has only the first. It has no commitment to keep employment up.”

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Originally said in English.

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About Noam Chomsky

Linguist and political theorist from the United States, active since the 1950s. He developed foundational theories of generative grammar and cognitive linguistics, reshaping modern linguistics. His work also spans political philosophy, media criticism, and human rights advocacy, often challenging power structures and corporate influence.

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"The Federal Reserve has an official commitment to two different polic…" — Noam Chomsky | Daily Quotes