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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.

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Always Debt Default Money Print Probability States United

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Marilyn Monroe Paulo Coelho Abraham Lincoln C. S. Lewis Khalil Gibran Charlie Chaplin Gautama Buddha Isaac Newton

Was sort of intellectually shocked. Contagion is the critical phenomenon which causes the thing to fall apart.
ALAN GREENSPAN

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The true measure of a career is to be able to be content, even proud, that you succeeded through your own endeavors without leaving a trail of casualties in your wake.
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Able Content Leave Measure Own Succeeded True
Institutions of the newer participants in global finance had not been tested, until recently…recent crisis have underscored certain financial structure vulnerabilities that are not readily assuaged in the short run.
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Given our inevitably incomplete knowledge about key structural aspects of our ever-changing economy and the sometimes asymmetric costs or benefits of particular outcomes, a central bank.
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The current financial crisis in the US is likely to be judged in retrospect as the most wrenching since the end of the Second World War.
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What an ideology is is a conceptual framework with the way people deal with reality.
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I don’t know where the stock market is going, but I will say this, that if it continues higher, this will do more to stimulate the economy than anything we’ve been talking about today or anything anybody else was talking about.
ALAN GREENSPAN

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Without the triggers, that tax cut is irreponsible fiscal policy. Eventually, I think that will be the consensus view.
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Fear and euphoria are dominant forces, and fear is many multiples the size of euphoria. Bubbles go up very slowly as euphoria builds.
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Senator, if I seem clear to you, you must have misunderstood me’.
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I made a mistake in presuming that the self-interests of organisations, specifically banks and others, were such that they were best capable of protecting their own shareholders and their equity in the firms.
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The gut-feel of the 55-year old trader is more important than the mathematical elegance of the 25-year old genius.
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If all currencies are moving up or down together, the question is: relative to what? Gold is the canary in the coal mine.
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But material success is possible in this world and far more satisfying when it comes without exploiting others.
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Deficit spending is simply a scheme for the confiscation of wealth.If I seem unduly clear to you, you must have misunderstood what I said.
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The need for values is inbred. Their content is not.
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