Posted on 08/07/2011 1:32:21 PM PDT by i88schwartz
ormer Chairman of the Federal Reserve Alan Greenspan explains how the United States can pay down the debt. By printing money. Transcript:
David Gregory, moderator of "Meet The Press" on NBC: "Are U.S. treasury bonds still safe to invest in?"
Alan Greenspan, Former Chairman of the Federal Reserve: "Very much so. This is not an issue of credit rating, the United States can pay any debt it has because we can always print money to do that. So, there is zero probability of default."
Greenspan says the S&P downgrade was just meant to hit a "nerve" and hurt the "self-esteem of the United States."
(Excerpt) Read more at realclearpolitics.com ...
We could always pay $5 for a loaf of bread too.
Has Alan become demented?
did he really say this?
Dear all: what we are witnessing today is the "Greenspan Put" come home to roost.
No, just candid. His policy always seemed to be based upon the nominal premise.
Greenspan is one of many idiots that got us into this mess.
That’s just the way these beltway bandits think they could care less that every dollar printed devalues those already in circulation.
Isnt this the dufus married to Andrea Mitchell..no wonder he sounds like an idiot..being married to her doesn’t give him much credability
Yes he did. And it wasn’t taken out if context. Watch the video.
Yes he did. And it wasn’t taken out if context. Watch the video.
Greenspan has launched himself into space and is sending messages from Planet Xenon.
I’m afraid $5 will look like a good buy.
Allen is getting old. He may be demented. I sat in on a Volker presentation about a year ago and the whole time I thought it was pitiful and cruel to trot him out... he had pretty much lost it and had nothing useful to say.
Old lions get... Old.
We have a brilliant design.
We used the best construction.
We have an experienced crew and an able Captain.
Surely, we are destined for greatness.
- signed, the crew of the Titanic.
Typical of a central planner and his beliefs. The chickens are coming home to roost.
That was also the attitude in Weimar Germany and in Zimbabwe. Most know what happened to end this in Weimar Germany. In Zimbabwe this ended because their supplier of ink with which to print things like trillion dollar notes refused to supply any more without being compensated. True story.
Does Greenspan even remotely realize that his comment underscored the rationality of S&P's decision?
"Just print money . . ."?
YGTBSM!
Does Weimar Germany hold any lessons?
Hello -- can you say, "Argentina"?
Un-friggin'-believable.
The same variety of genius which led to Weimar Germany.
Should we trade in our wallets for wheel barrows?
We could always pay $5 for a loaf of bread too.
A loaf of bread in Germany went up to a wheel barrel load of money at one time.
Krauthammer seems to be spouting typical inside the beltway pablum these days.
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