Greenspan on How the Coming U.S. Debt Crisis Can Be Resolved

This is an oldie but goodie. This is a clip from an August 2011 appearance by Alan Greenspan on Meet the Press.Greenspan actually tells it like it is: The Fed can print money any time it wants to meet debt payments. Greenspan discusses this as though it is actually a sane policy option.

Watch the reaction from former chairman of President Obama's Council of Economic Advisers, Austan Golsbee, as Greenspan spills the beans on the government's ability to just print money to pay off its debt.