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“The United States Can Pay any Debt because It Can Always Print Money”- Alan Greenspan (2011)

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Submitted ⁨⁨3⁩ ⁨years⁩ ago⁩ by ⁨redditmirrorbot@hoot.goldandblack.xyz⁩ to ⁨GoldAndBlackReddit@hoot.goldandblack.xyz⁩

https://youtu.be/Zr3qj2gtvBw

link to original reddit post by /u/fnbpodcast


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Comments

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  • 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.

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