No kidding:
It can’t happen says Greenspan:
“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.”
3 Likes
That’s GREAT!
No default. Keep spending. Maybe we are just taking a cue from the wisdom of the directors of the Zimbabwe treasury… say “Hello, $1000 per hour minimum wage!”.
I love how government takes care of us and has a great solution for all our ills.
Rob
He is no fool who gives what he cannot keep to gain what he cannot lose.
4 Likes
Yawn You chicken littles need to get a new tune. I have been hearing about how the United States is going bankrupt my whole life but all I see is blue sky and a better life every year I have been alive. Here is to 50 more years. 
Andy
16 Likes
Everything works fine as long as folks are willing to take paper money and buy those bonds.
Agreed. Same here, from at least the mid 1980s. Reminds me of the predicted fall of California, which I’ve been hearing from at least 1990 myself. I’m sure that, sometime, eventually, it will happen, maybe…
3 Likes
Greenspan was right. The USA will never go bankrupt as they can print a many dollars as they want. The dollar just becomes worthless, Zimbabwe style.
Zimbabwe?
You want to at least make some sense.
3 Likes
Or maybe just England style. 
I’ve been promised hyper-inflation since at least 2008 when QE started. Yet, here we are 3% and dropping.
Yet that nice Elon Musk is so smart. He surely understands the reason for this contradiction. He’ll be right one day. I’m sure of it.
8 Likes
Only at the very bottom.
But now? Read the first paragraph…Remind you of the US 2022?
Demand Side Economics, a dose of wealth.