Alan Greenspan, The Source of All Money
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Uploaded by fistfullproduction on Jan 16, 2012
Alan Greenspan Chairman of the Federal Reserve of the United States from 1987 to 2006, on NBC's Meet the Press, Sunday, 7 Aug 2011
Following Standard and Poor's decision to downgrade America's credit rating, Alan Greenspan says:
"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"
Key Economic Facts:
US Can Print Money
Alan Greenspan's "disdain for regulation" always affirmed "the market would take care of the fraudsters by self-regulating itself". (October 20, 2009 Time article)
Today Greenspan is advocating fiscal austerity while he knows that public debt is unproblematic and that extra spending is required and that the debt-repayments provides income to the private sector.
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