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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: bart13 who wrote (90588)5/25/2012 3:55:04 PM
From: skinowski  Respond to of 219903
 
"We can guarantee cash benefits as far out and at whatever size you like, but we cannot guarantee their purchasing power."
-- Alan Greenspan, appearing before the Senate Banking Committee on February 15, 2005


At least, it sounds like the Maestro was not a believer that unlimited printing can go unpunished.

Our current Tim and Ben team acts as if they own the secret to infinite prosperity (and all they own is a printing press). I love it when Geithner complains about people pushing for borrowing limits... he thinks it's "irresponsible"... lol