Greenspan warns US budget deficit will ultimately lead to higher inflation

[Just AnotherPerson]

See more at the link https://www.msn.com/en-us/money/mark...cid=spartanntp

Excerpt:

The yawning federal budget deficit is ultimately going to eventually lead to higher inflation, former Federal Reserve Chairman Alan Greenspan said Thursday.

The federal debt-to-gross domestic product ratio is on track to be as large as it was during World War II, Greenspan said during a talk at a National Association for Business Economics conference.

“Unless you believe in fairies, that is not an economy that can function without inflationary instability,” Greenspan said.

[Chris]

So spend less. Wait, that would be the smart thing to do. Congress keeps spending, and the liberals like AOC want to spend trillions more.

[MisterVeritis]

It will lead to the end of the nation.

[Peter1469]

See more at the link https://www.msn.com/en-us/money/mark...cid=spartanntp

Excerpt:

The yawning federal budget deficit is ultimately going to eventually lead to higher inflation, former Federal Reserve Chairman Alan Greenspan said Thursday.

The federal debt-to-gross domestic product ratio is on track to be as large as it was during World War II, Greenspan said during a talk at a National Association for Business Economics conference.

“Unless you believe in fairies, that is not an economy that can function without inflationary instability,” Greenspan said.

That is elementary for people with a solid understanding of economics. Oh wait, that rules out 95% of Americans... Anyway, yes, we cannot continue to deficit spend without devaluing the USD.

[Common]

In the local paper here theres a political opinion section, when ever a liberal is asked how do we pay for AOCs nonesense. THEY ALWAYS give the same non answer, how did we pay for the wars in iraq and afghanistan. Same question how do you pay for AOCs nonesnes, the same way we paid for bushs wars, over and over again

[Peter1469]

In the local paper here theres a political opinion section, when ever a liberal is asked how do we pay for AOCs nonesense. THEY ALWAYS give the same non answer, how did we pay for the wars in iraq and afghanistan. Same question how do you pay for AOCs nonesnes, the same way we paid for bushs wars, over and over again

A-OC has an answer. Modern Monetary Theory.

I have a thread on that and why it fails.

[Captdon]

AOC says you just pay for it. It's simple.

[Peter1469]

AOC says you just pay for it. It's simple.

Actually she says the Fed prints the money - don't worry about the debt. It does not matter.

Refer to my thread on the Modern Monetary Theory.

[Common]

Actually she says the Fed prints the money - don't worry about the debt. It does not matter.

Refer to my thread on the Modern Monetary Theory.

Thats socialist professor $#@!

[Peter1469]

Thats socialist professor $#@!

It is a $#@! theory. I don't know who thought it up.