Greenspan: “There is nothing to prevent the government from creating as much money as it wants.”


There is the YouTube video Greenspan: “There is nothing to prevent the government from creating as much money as it wants.”

You can see in the way that Paul Ryan nods at Alan Greenspan’s answer that this is going in one ear and dribbling right out of the other. Given as Greenspan says, that the government cannot possibly run out of money to pay social security beneficiaries, and given that anything in the private sector can run out of money, then private investment accounts are obviously much less secure than federal government operated social security.

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