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Date
Summary
Greenspan: Our $1 Trillion Deficit Should Be ‘Scaring Everybody’ into ‘Panic To Do Something’ (clip)
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Source
Nicholas Ballasy
Name: Nicholas Ballasy
URL: http://nickballasy.com/
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Alan Greenspan
Name: Alan Greenspan
Employment: Greenspan Associates LLC
Position: Principal
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Uploaded
03/19/2019 05:41 am
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0:02:19
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Transcript
[excerpt Greenspan We are ░░░░░░░░ to run a 1 ░░░░░░░░ deficit and a trillion ░░░░░░░░ deficit should be scaring ░░░░░░░░ who is in the ░░░░░░░░ system into panic to ░░░░░░░░ something The answer is ░░░░░░░░ political system does not ░░░░░░░░ at the data on ░░░░░░░░ size of the deficit ░░░░░░░░ talk about it they ░░░░░░░░ everything they want to ░░░░░░░░ but they never act ░░░░░░░░ occurs only if and ░░░░░░░░ that very extraordinary increase ░░░░░░░░ the federal debt unfunded ░░░░░░░░ to create inflation There ░░░░░░░░ no history in Western ░░░░░░░░ where you could expand ░░░░░░░░ money supply as much ░░░░░░░░ it s going to ░░░░░░░░ necessary to fund this ░░░░░░░░ without engendering inflation.”
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