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Greenspan: "There is nothing to prevent the government from creating as much money as it wants."
wonkmonk
A two-minute clip from a March 2005 House Budget Committee hearing in which Paul Ryan asks Alan Greenspan about personal retirement accounts and social security solvency. Greenspan replies that nothing prevents the government from creating as much money as it wants.
HN commenters use it as a primary-source clip for the argument that a currency-issuing government cannot go bankrupt in its own currency.
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