Greenspan warns US budget deficit will ultimately lead to higher inflation

[Yo_Mama_Been_Loggin]

The yawning federal budget deficit is ultimately going to eventually lead to higher inflation, former Federal Reserve Chairman Alan Greenspan said Thursday.

The federal debt-to-gross domestic product ratio is on track to be as large as it was during World War II, Greenspan said during a talk at a National Association for Business Economics conference.

“Unless you believe in fairies, that is not an economy that can function without inflationary instability,” Greenspan said.

The former Fed chairman despaired the lack of political pressure to control entitlement spending and narrow the deficit.

https://www.msn.com/en-us/money/markets/greenspan-warns-us-budget-deficit-will-ultimately-lead-to-higher-inflation/ar-BBUdjI7?li=BBnbfcN

Did you think that when you were in favor of tax cuts a few years back?

[rpannier]

1. Once again he goes after earned benefits

He needs to go away
Ahhhh... to get the job as the Grim Reaper for just 24 hours

[elleng]

2. No sh*t, sherlock!

[llmart]

3. Greenspan - still trying to stay relevant.

Just go away you fool.