Aug 8, 2011

Alan Greenspan on why US Treasury Bonds are still safe

This is not an issue of credit rating. 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.

~ Alan Greenspan, "the Maestro" and former chairman, Federal Reserve, MSNBC's Meet the Press, August 7, 2011

No comments: