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Greenspan: US "Can Pay Any Debt It Has Because We Can Always Print Money" (video)
RealClearPolitics ^
| August 5, 2011
| RealClearPolitics
Posted on 08/07/2011 1:32:21 PM PDT by i88schwartz
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To: i88schwartz
Well that should give confidence to those holding the debt.
The US will simply inflate it's way out of it.
81
posted on
08/07/2011 5:48:21 PM PDT
by
fortheDeclaration
(When the wicked beareth rule, the people mourn (Pr.29:2))
To: i88schwartz
So, there is zero probability of default." They will simply pay back the debt by diluting the currency-in normal words-theft.
82
posted on
08/07/2011 5:49:51 PM PDT
by
fortheDeclaration
(When the wicked beareth rule, the people mourn (Pr.29:2))
To: StonyMan451
The guy who was on Chris Wallace, said the same thing.
We can never default because we can print money.
83
posted on
08/07/2011 5:51:34 PM PDT
by
fortheDeclaration
(When the wicked beareth rule, the people mourn (Pr.29:2))
To: Wuli
He wrote articles defending the Gold Standard, but stated it was not practical.
Destroying the currency with inflation is.
84
posted on
08/07/2011 5:56:18 PM PDT
by
fortheDeclaration
(When the wicked beareth rule, the people mourn (Pr.29:2))
To: Age of Reason
What is funny is that the MSM had these guys on to calm the market, but I am sure investors are more concerned then ever!
85
posted on
08/07/2011 5:57:30 PM PDT
by
fortheDeclaration
(When the wicked beareth rule, the people mourn (Pr.29:2))
To: i88schwartz
Greenspan: US "Can Pay Any Debt It Has Because We Can Always Print Money That's what they do now.
The only thing is they let the moneychangers garner all the benefit from it, instead of letting the American people do so.
86
posted on
08/07/2011 5:58:05 PM PDT
by
EternalVigilance
('One useless man is a shame, two is a law firm, and three or more is a congress.' - -John Adams)
To: i88schwartz
This is a deeply stupid man.
87
posted on
08/08/2011 5:14:20 AM PDT
by
jmaroneps37
(Conservatism is truth. Liberalism is lies.)
To: i88schwartz
Well, hell, I’ve got bills to pay, too. Just let me get the ol’ printer warmed up...
To: i88schwartz
If we can print money to pay the debt, why do we have the debt? Why didnt we just print money when we needed it? Why are you and I paying taxes? Why not just print the money without you and I working for it?
Heck I bet Jethro Bodine can cipher that and school Mr. Drysdale!
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