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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
Age: 98
Born: 1926
Born: March 6
Banker
Economist
Entrepreneur
Jazz Musician
Politician
New York City
New York
Zero
Debt
Pay
United
Money
States
Default
Always
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More quotes by Alan Greenspan

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Before I met Ayn Rand, I was a logical positivist, and accordingly, I didn't believe in absolutes, moral or otherwise. If I couldn't prove a proposition with facts and figures, it was without merit.
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At the risk of some oversimplification, if the skill composition of our work force meshed fully with the needs of our increasingly complex capital-stock, wage-skill differentials would be stable, and the percentage changes in wage rates would be the same for all job grades.
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The guiding purpose of the government regulator is to prevent rather than to create something.
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If we allow terrorism to undermine our freedom of action, we could reverse at least part of the palpable gains achieved by postwar globalization. It is incumbent upon us not to allow that to happen.
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While local economies may experience significant price imbalances, a national severe price distortion seems most unlikely in the United States, given its size and diversity.
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It seems superfluous to constrain trading in some of the newer derivatives and other innovative financial contracts of the past decade. The worst have failed investors no longer fund them and are not likely to in the future.
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If we are to remain preeminent in transforming knowledge into economic value, America's system of higher education must remain the world's leader in generating scientific and technological breakthrough, and in meeting the challenge to educate workers.
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These days, even out of office, I still read economic reports.
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I was a good amateur but only an average professional. I soon realized that there was a limit to how far I could rise in the music business, so I left the band and enrolled at New York University.
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But rules cannot substitute for character.
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Cash is available and we should use that in larger amounts, as is necessary, to solve the problems of the stress of this.
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I'm a better economist than I was a sax player.
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History has not dealt kindly with the aftermath of protracted periods of low risk premiums.
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Protectionism will do little to create jobs and if foreigners retaliate, we will surely lose jobs.
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Crony capitalism is essentially a condition in which... public officials are giving favours to people in the private sector in payment of political favours.
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I'm not denying that monopolies are terrible things, but I am denying that it is readily easy to resolve them through legislation of that nature.
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Stripped of its academic jargon, the welfare state is nothing more than a mechanism by which governments confiscate the wealth of the productive members of a society to support a wide variety of welfare schemes.
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There is no evidence that the business cycle has been repealed.
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[Republicans] swapped principle for power. They ended up with neither. They deserved to lose.
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I guess I should warn you, if I turn out to be particularly clear, you've probably misunderstood what I've said.
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