Monday, August 8, 2011

Alan Greenspan on US Downgrade: No Problem, "We can always print money"

via CNBC
"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
"What I think the S&P thing did was to hit a nerve that there's something basically bad going on, and it's hit the self-esteem of the United States, the psyche" said Greenspan 

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