“The United States Can Pay any Debt because It Can Always Print Money”- Alan Greenspan (2011)
Submitted 3 years ago by redditmirrorbot@hoot.goldandblack.xyz to GoldAndBlackReddit@hoot.goldandblack.xyz
Submitted 3 years ago by redditmirrorbot@hoot.goldandblack.xyz to GoldAndBlackReddit@hoot.goldandblack.xyz
realcaseyrollins 3 years ago
But what if the currency is so devalued that people stop accepting it? Or inflation is faster than the rate of money printing?
jd@hoot.goldandblack.xyz 3 years ago
The chairman of the Federal Reserve is chosen, not based on their economic understanding, but based on the convenience of their views to politicians.