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Greenspan, who knew so much more than most, knew far less than most supposed. – Alan Greenspan
History has not dealt kindly with the aftermath of protracted periods of low risk premiums. – Alan Greenspan
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. – Alan Greenspan
Goods can serve many other purposes besides purchasing money, but money can serve no other purpose besides purchasing goods. – Adam Smith