I know I really haven't a clue what I am talking about and am just trying to benefit from your profound wisdom and knowledge. So, when Alan Greenspan says that the government prints money to finance itself was he wrong? Why? Why should I believe old Toddster, who denies it, and not Alan?
Help us poor ignorant slobs. We really would just like some englightenment at the feet of you luminaries of modern finance.
I was you, I believe that made a statement to the effect that the Fed prints money and hands it to the treasury.