No Chance of Default, US Can Print Money: Greenspan

No Chance of Default, US Can Print Money: Greenspan

Published: Sunday, 7 Aug 2011 | 3:15 PM ET
By: Patrick Allen, CNBC EMEA Head of News

Former Federal Reserve Chairman Alan Greenspan on Sunday ruled out the chance of a US default following S&P’s decision to downgrade America’s 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” said Greenspan on NBC’s Meet the Press…

via No Chance of Default, US Can Print Money: Greenspan – CNBC.

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