Monday, August 8, 2011

Don't worry, be happy, print money.

No Chance of Default, US Can Print Money: Greenspan


Anonymous said...

The United States can pay any debt it has because we can always print money to do that.--Allan Greenspan, Columbia University drop-out

It's evident why "Big Al" is such a frequent guest on the talk-show circuit. His keen analytical mind can resolve the thorniest issue with ease.

Think of it! Printing money to pay our debts can quickly and easily erase the entire federal obligation of 14 Trillion dollars--instantly, with the push of a button.

Just like that, you end the worrisome matter of how to fund Social Security, Medicare, and the Pentagon.

An additional $70 Trillion of unfunded liabilities can be made to vanish like smoke in the wind. As Al shrewdly observes, we can always print money to do that.

What's that you say? The dollar will go up in smoke like the debt it represents?

Come now, let's not be restrained by petty bourgeois morality. Joseph Stalin's famous quote, "No man, no problem" is equally applicable here.

No dollar, no problem. ;^)


idahobob said...

Oh, YEAH!!!!!

Print more "money"!


What a tool!


Dr.D said...

that Greenspan a former intimate of Ayn Rand and a student of Austrian economics can make such a dumb ass comment is beyond me. If any one ever truly "went over to the dark side" it's Greenspan.


W W Woodward said...

Me thinks it's past time for the men in the white jackets to haul Greenspan off to the funny farm.

For some reason I have been of the thought that printing valueless paper money that we can't back up with gold is one of the primary reasons we're in this financial mess.

Writing checks with no money is the bank is criminal here in Texas. Maybe we should consider a penitentiary rather than an asylum.


Anonymous said...

"The United States can pay any debt it has because we can always print money to do that.--Allan Greenspan, Columbia University drop-out"

Right up to the day when we are compelled to wipe our behinds on George Washington's face because toilet paper costs more that $1.00 per sheet.

The USA has seen the dangers of debased paper currency before during both the revolutionary and civil wars. Whenever someone tells you that such a currency debacle could never happen because greebacks are backed by the full faith and credit of the US government, suggest they ask a native American what that's worth.

“We could not maintain the gold standard nor the silver standard. We could not maintain the copper standard, and now we cannot even maintain the zinc standard." -- Rep. Ron Paul

Anonymous said...

Yup. That's how they do it in Zimbabwe and Bolivia.

Probably have to make our currency bigger though. Need more room for all the zeroes.