{"id":21437,"date":"2015-08-05T16:47:25","date_gmt":"2015-08-05T20:47:25","guid":{"rendered":"http:\/\/ssgreenberg.name\/PoliticsBlog\/?p=21437"},"modified":"2015-08-05T16:47:25","modified_gmt":"2015-08-05T20:47:25","slug":"alan-greenspan-lets-the-truth-slip-out","status":"publish","type":"post","link":"https:\/\/ssgreenberg.name\/PoliticsBlog\/2015\/08\/05\/alan-greenspan-lets-the-truth-slip-out\/","title":{"rendered":"Alan Greenspan Let&#8217;s The Truth Slip Out"},"content":{"rendered":"<p>This fell out of the Q  &#038; A, I mentioned in my previous post, <a href=\"http:\/\/ssgreenberg.name\/PoliticsBlog\/2015\/08\/05\/the-question-i-wanted-to-ask\/\" target=\"_blank\">The Question I Wanted to Ask<\/a>.<\/p>\n<blockquote><p>\nGreenspan: &#8220;There is nothing to prevent the government from creating as much money as it wants.&#8221; &#8211; COMMITTEE ON THE BUDGET, HOUSE OF REPRESENTATIVES, MARCH 2, 2005\n<\/p><\/blockquote>\n<div style=\"text-align:center\">\n    <iframe loading=\"lazy\" width=\"420\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/DNCZHAQnfGU\" style=\"border:thick ridge #009900;\" allowfullscreen><\/iframe>\n<\/div>\n<p>What is so shocking about this is that even Alan Greenspan acknowledges the truth of Modern Money Theory (MMT).  It&#8217;s a good thing nobody is listening or we would be hearing the sounds of heads exploding all across the country.<\/p>\n<p>Or as was mentioned the subject of my previous post:<\/p>\n<blockquote><p>\nWatching Stephanie Kelton guide the conversation, sitting next to Bernie Sanders as she was, it was clear the delicate challenge she faces in poking at the edges of the precepts of the status quo without pushing things into the scary and marginalized territory of counter-intuitive reality.\n<\/p><\/blockquote>\n<p>That counter-intuitive reality was accidentally revealed by Alan Greenspan.  The problem is that if Bernie Sanders ever mentions it, he will be dismissed as more of a kook than some people already suspect he is.  To set the record straight, Bernie Sanders is not a kook.<\/p>\n<p>Perhaps the safest route for Bernie Sanders to take is to keep saying that we need to raise taxes on the wealthy to pay for his programs.  After all, it is true that we have to raise the taxes on the wealthy to solve the problem of the maldistribution of wealth and power in this country.  What harm could it do to also pretend these taxes are needed to pay for Sanders&#8217; program?<\/p>\n<p>One of the life lessons I have learned is that it always comes back to bite you when you use a little fiction to explain something that is actually true.<\/p>\n<p>Luckily, there are few of the people who can&#8217;t handle the truth that will be reading this blog post.  So they won&#8217;t be up-in-arms over what I have revealed here.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This fell out of the Q &#038; A, I mentioned in my previous post, The Question I Wanted to Ask. Greenspan: &#8220;There is nothing to prevent the government from creating as much money as it wants.&#8221; &#8211; COMMITTEE ON THE BUDGET, HOUSE OF REPRESENTATIVES, MARCH 2, 2005 What is so shocking about this is that [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[166],"tags":[],"class_list":{"0":"post-21437","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-stevegsposts","7":"czr-hentry"},"_links":{"self":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/21437","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/comments?post=21437"}],"version-history":[{"count":1,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/21437\/revisions"}],"predecessor-version":[{"id":21438,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/21437\/revisions\/21438"}],"wp:attachment":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/media?parent=21437"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/categories?post=21437"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/tags?post=21437"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}