Greenspan: No Chance of Default, US Can Print Money - GoFuckYourself.com

dyna mo · 08-07-2011, 05:08 PM

if i could go back in time, 1st trip would be to go back and shoot ayn rand in the face before she ever started writing.

Quote:

"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" said Greenspan on NBC's Meet the Press

http://www.cnbc.com/id/44051683

dyna mo · 08-07-2011, 05:15 PM

more downgrades from s&p coming manana

Quote:

On Monday, we will issue separate releases concerning affected ratings in the funds, government-related entities, financial institutions, insurance, public finance, and structured finance sectors.

http://www.ft.com/intl/cms/af2c4fac-...144feabdc0.pdf

woj · 08-07-2011, 05:19 PM

printing $$ is actually equivalent to defaulting, except in a slower more subtle way...

$5 submissions · 08-07-2011, 06:09 PM

Didn't Greenspan distance himself eventually from Ayn Rand's ideas?

Barry-xlovecam · 08-07-2011, 06:10 PM

Devaluation by proxy ...

IllTestYourGirls · 08-07-2011, 06:13 PM

We are fucked.

dyna mo · 08-07-2011, 06:18 PM

Quote:

Originally Posted by $5 submissions

Didn't Greenspan distance himself eventually from Ayn Rand's ideas?

you could be right but as far as i know not as of the last time i was current on him, which was maybe a couple years ago or so. damage was done though, imo. it's mind boggling to me to base economic policy on non-fiction.

08-07-2011, 05:19 PM	#3
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