Via LRC: [A]s Alan Greenspan noted just the other day, U.S. Treasury bonds are a safe investment because there is "zero chance of U.S. default" ... and that's because ... we can "always print money."
Via LRC: [A]s Alan Greenspan noted just the other day, U.S. Treasury bonds are a safe investment because there is "zero chance of U.S. default" ... and that's because ... we can "always print money."
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