minh on Nostr: Alan Greenspan said the United States could never default on its debt. Why? "The ...

Alan Greenspan said the United States could never default on its debt.

Why?

"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."

Money printing kept things going. When the US dollar no longer has reserve currency status the party is over 👀