Has he never heard of Hyperinflation? See the list of all the countries that have tried printing their way out of debt. It doesn't work.
Former 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."
Sunday, August 07, 2011
Solution to the debt problem: Print More Money
Greenspan: US "Can Pay Any Debt It Has Because We Can Always Print Money" [Link]
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