enthalpy

enthalpy

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The truth shall set you free, but first it's going to piss you off

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Sunday, August 07, 2011

Posted 8/07/2011 07:41:00 PM by Douglas

Once upon a time I was sitting in an undergraduate economics class at a small, secular university in central Texas when a dumb looking sorority girl (is that redundant?) opined, "why does the government run out of money. . can't they just print more?" Everyone, including the professor, rolled their eyes and there was a roll of laughter under everyone's breath. Well, turns out, either she wasn't the dumbest person in the class, or our economy is in big, big trouble. Enter the Greenspan:

Alan Greenspan, Former Chairman of the Federal Reserve: "Very much so. This is not an issue of credit rating, 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."

If these are the ideas coming from The Greenspan, this can't be far behind.

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