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Alan Greenspan Quotes: 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.
         

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
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"Alan Greenspan Quotes." Quoteslyfe.com, 2024. Wed. 26 Jun. 2024. <https://www.quoteslyfe.com/quote/The-United-States-can-pay-any-debt-344815>.





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Other quotes of Alan Greenspan


I have found no greater satisfaction than achieving success through honest dealing and strict adherence to the view that, for you to gain, those you deal with should gain as well.

I have found no greater satisfaction than achieving success through honest dealing and strict adherence to the view that, for you to gain, those you deal with should gain as well.



The need for values is inbred. Their content is not.

The need for values is inbred. Their content is not.



The number one problem in today's generation and economy is the lack of financial literacy.

The number one problem in today's generation and economy is the lack of financial literacy.



I guess I should warn you, if I turn out to be particularly clear, you've probably misunderstood what I've said.

I guess I should warn you, if I turn out to be particularly clear, you've probably misunderstood what I've said.



Protectionism will do little to create jobs and if foreigners retaliate, we will surely lose jobs.

Protectionism will do little to create jobs and if foreigners retaliate, we will surely lose jobs.



Remember what we're looking at. Gold is a currency. It is still, by all evidence, a premier currency, that no fiat currency, including the dollar, can match.

Remember what we're looking at. Gold is a currency. It is still, by all evidence, a premier currency, that no fiat currency, including the dollar, can match.



When trust is lost, a nation's ability to transact business is palpably undermined.

When trust is lost, a nation's ability to transact business is palpably undermined.



In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value.

In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value.



Gold still represents the ultimate form of payment in the world. Fiat money in extremis is accepted by nobody. Gold is always accepted.

Gold still represents the ultimate form of payment in the world. Fiat money in extremis is accepted by nobody. Gold is always accepted.



To succeed, you will soon learn, as I did, the importance of a solid foundation in the basics of education - literacy, both verbal and numerical, and communication skills.

To succeed, you will soon learn, as I did, the importance of a solid foundation in the basics of education - literacy, both verbal and numerical, and communication skills.





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Quote Description


This page presents the quote "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.". Author of this quote is Alan Greenspan. This quote is about money, print, pay, default, probability, debt, zero, united states,.