Greenspan2014: "There is nothing to prevent the government from creating as much money as it wants."

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

2014/03/25

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

2014/03/25

so having personal retirement accounts is another way of making a future retiree benefits more secure for their retirement. and also do you believe that personal retirement accounts as a component to assist in a solvency does help improve solvency because when you have a personal retirement account policy. it's a company with a benefit offset with that feature in place do you believe the personal retirement accounts can help us achieve solvency for the system and make those future retiree benefits more secure？

well I wouldn't say that the pay-as-you-go benefits are insecure in the sense that oh there's nothing to prevent the federal government from creating as much money as it wants and paying it to somebody the question is.

how do you set up a system which assures that the real assets are created which those benefits are employed to purchase.

so it's not a question of security it's a question of the structure of a financial system which assures that the real resources are created for retirement as the state from the cash.

the cash itself is nice to have but it's got to be in the context of the real resources being created at the time those benefits are paid so that you can purchase real resources with the benefits which of course are cash.

グリーンスパンは "政府が望むだけのお金を作ることを妨げるものは何もない"

2014/03/25

個人退職金口座を設けることは、将来の退職者の給付をより確実なものにするためのもう一つの方法です。また、個人退職金口座をソルベンシーを支援する要素として用いることは、ソルベンシーを向上させるのに役立つとお考えですか？ 個人退職金口座は、システムのソルベンシーを達成し、将来の退職者の給付をより確実なものにするのに役立つとお考えですか？

問題は、連邦政府が好きなだけお金を作って誰かに支払うことを妨げるものは何もないという意味で、従量制の給付が不安定だとは言いません。

問題は、給付金を購入するために使用される実物資産の創出を保証するシステムをどのように構築するかということです。

つまり、セキュリティの問題ではなく、国家が現金から退職するための実物資産の創出を保証する金融システムの構造の問題なのです。

現金自体はあってもいいものですが、それは給付金が支払われる時点で現実の資源が創出されているという文脈の中になければならず、その給付金で現実の資源を購入することができます。