“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.”
“History cannot be reduced to a set of statistics and probabilities.”
“The probability of ten consecutive heads is 0.1 percent; thus, when you have millions of coin tossers, or investors, in the end there will be thousands of very successful practitioners of coin tossing, or stock picking.”
More Alan Greenspan quote about:
Andrea Mitchell Journalist
Ayn Rand Novelist
Ben Bernanke Economist
George W. Bush 43rd U.S. President
Henry Paulson Former United States Secretary of the Treasury
Janet Yellen Economist
Lawrence Summers Former Undersecretary for International Affairs
Milton Friedman Economist
Paul Krugman Economist
Paul Volcker Economist
Robert Rubin Former United States Secretary of the Treasury
Timothy Geithner Former United States Secretary of the Treasury