Monday, August 8, 2011

printing money

Incredibly, Alan Greenspan said this on "Meet The Press" on August 7th, 2011:

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.

I think he must be ready to pass away. He doesn't care about the value of the dollar any more or inflation. Alan Greenspan, former protégé of Ayn Rand. No less.

Alan Greenspan, former Fed chairman.