Former Fed Chairman Alan Greenspan told CNBC that he's worried about inflation and the government's swelling budget deficit.The government may be "underestimating" the size of future deficits, Greenspan added.Former Fed chair Alan Greenspan says his biggest concern is inflation, even if it hasn't emerged yetFormer Federal Reserve Chairman Alan Greenspan said his biggest economic concerns in the U.S. are inflation and the budget deficit.
It was the first televised interview the "Maestro" has given since the coronavirus pandemic hit in March.On the budget deficit, he said the federal government's spending imbalance is "getting out of hand." Through July, the fiscal 2020 shortfall totaled $2.45 trillion, the byproduct of intensified government spending to get the economy through the pandemic-associated shutdown.
Old man with old ideas. There hasn‘t been any meaningful inflation since the 70s.
alan greenspan can kindly shut the fuck up
tell that guy to go fuck himself
Lmao
Alan Greenspan thought the market would correct itself
His opinion on this is uninformed and irrelevant.
He should be concerned with the grim reaper
Read The Room, Alan.
Greenspan has been wrong about everything for 40 years.
Oh Alan, give it up.
Greenspan drank the Ayn Rand Kool Aid. No one told him it had an expiration date.
They should ask him about where democracy lands within his overall concerns/priorities
Who GAF? Fully discredited.
This man is so irrelevant at this time!
Alan is behind the times. We want inflation. Budget deficit. We just print more money.
guess which FED chairman kept bailing out banks until they become 'too big to fail'?
Two MMT illiterates :-(
lol ok
LMFAO
Btw, FUCK ALAN GREENSPAN.
The mummy! It’s alive! It’s stuck in 1979!
Greenspan is solely responsible for much suffering in this world due to his world monetary policies. He needs to STFU and retire and feed pigeons at a park bench somewhere far from any legislative entity.
You don't have to be an economist to figure that out!!
Damn , he's still here .
Trickle down VOODOO economics from the Reagan Republican era
Why this man is not laughed out of any room after the “I did not factor for greed” nonsense is beyond me.
Alan Greenspan can choke on a pinecone.
GoodBoyMachine it’s happening
Alan Greenspan needs to shut his mouth, how many recessions have caught this idiot completely by surprise?
Our country is being destroyed and economists worry about inflation!
Lol, still fighting old wars. Where’s the big gong show cane to pull this man off the stage
Has Alan Greenspan looked outside his own bubble lately?
The fact he's still alive and people care what he thinks are my biggest concerns.
His time has long been over and he did not get it right the first time. IGNORE HIM.
That means the opposite must be true.
The problem with America is that he doesn't see an angry mob with guillotines as his biggest concern.
skilled embalmer. who animated him? shall we remember how wrong he was earlier? the crash and recession. he got the economy in a surplus and destroyed it, i guess i'm not too interested in his 'deficit' concerns.
ok b00mer
His wife should report that accurately
IT'S A WACKY PLANET. ALAN GREENSPAN'S OPINION ON ANYTHING IS MY SMALLEST CONCERN. GFC2008
there is a pandemic
Let's listen to the guy who helped destroy the economy 12 years ago. I wonder if nbc would care about Greenspan's opinion if he wasn't married to their establishment tool mitchellreports
Where were you 4 years ago when the GOPTaxScam was rammed through?
Lies lies lies...
EBBerger
Fascinating the Republicans are deeply concerned about budget deficits when our government is spending to help Americans recover from a pandemic. They never uttered a peep while $7 trillion was being wasted (pissed away) for unnecessary wars of choice in Iraq and Afghanistan.
Lol
Didn’t this man help cause financial meltdown in 2008? Who gives af what he has to say about anything.
Tell Andrea to come get her husband.
Is that right? I don't remember Alan ever objecting when the GOP would pass massive tax cuts for the 1% that exploded the deficit and screwed the rest of us. Maybe Alan's full of shit?
Of course he does, this is his MO not one word about the deficit when tax cuts are on the horizon and the GOP is in charge, but when it looks like Dems might be in charge, OH!! THE DEFICIT!!! It is well past time to stop falling for this crap.
LOL why would anyone give a shit about what Alan Greenspan thinks in 2020
ok boomer
Thanks Capt. Obvious
Who cares? His view of monetary policy is about as weight as my 11 yo son’s.
The US Dollar is a tax credit. It is a unit of measure. You can't run out of inches You can't run out of numbers The government can't run out of dollars... unless it purposely, politically chooses to.
Sure now that the coalitikn of greed assured themselves the biggest slice if the financial pie. Tge 2008 heist cost our treasury $29 trillion in New mkney. So now he is worried. Bet he believes superyachts are necessary acquisitions as well
Liberals increasing National Debt. Call them out Greenspan!!!
The Fed has dumped eight trillion dollars into the economy since March. We are in a deflationary spiral, and Greenspan is worried about inflation? Someone give him a soft cookie and put him in the corner.
Inflation has fallen short of its 2% target the vast majority of the last 5-10 years. Greenspan is misguided, end of story.
this man both looks and acts like a cheaply made hand puppet
Can we stop referencing him as a credible source? He hasn’t been right very often.
Tbf maybe that'd be my biggest concern too if I were rich and also had 5 years left to live
Oh no not my heckin dollarinos! My imaginary numberinos!!!
Shut up Alan Greenspan. It’s sad that Pres. Clinton had you in his administration. You never care about the deficit when we gave a massive 2 trillion dollar tax cut to the rich, which added 2.289 trillion to the deficit. You’re 94 so start calling up your local funeral home.
Stop giving this hack a platform 😐
Alan Greenspan is a nitwit and has been a font of truly horrible economic policy advice. Why on earth are you publishing this garbage?
This is akin to a pilot 👨✈️ in a passenger plane ✈️ enforcing the non smoking rule as the plane goes down🤷🏼♂️ whocares abt deficits 🌎 on 🔥 & 🦠 & ppl can’t pay rent & struggling to stay afloat. OutOfTouch 💰 👨
He's rich, of course he has only those concerns
Flaw in world view
Cool quoting concerns from somebody who should be on trial for crimes against humanity.
He's 94 why are listening to him?!?!?!?!
And we should give a shit what the guy that steered us toward the Great Recession thinks because..........?
The guy from Ayn Rand's sex cult?
one of my greatest concerns is people taking advice from alan greenpsan
Gotta wag that austerity dog ASAP now that the corporate bailout is sewn up.
Who gives a shit what he thinks?
Hasn't this psychopath been discredited by reality enough?
I really thought creeping death would’ve been higher on his list.
His face sliding off of his skull looks to be the more dire issue for this fella
Low rates will just spur high home prices. High home prices will drive up inflation. Govts refusing to let price correct itself. No one wants to be the bad guy; Dem & gop playing hot potato with who should let the us economy fall & rebuild. US won't recover if they stall too long
He is quite wrong.
Proper timing this news. Have him on at nite or the weekend as a segment. You create your own hysteria
This guy looks like he has to be resuscitated every hour.
Alan Greenspan has always been a dangerous nut.
Greenspan is economically illiterate.
What an idiot
Always loved being wrong
Why do people keep going back to this clown for any economic analysis? Hes proven repeatedly how much of a fraud he is.
Bernie vs Alan Greenspan
Stop giving platforms to disgraced economists espousing discredited monetarism theories challenge 2020
No one fucking gives a shit about the deficit.
So... these are before “the world is on fire?”
If the proven quack/objective-total-failure Alan Greenspan thinks inflation and budget deficit are a problem, it must not be one at all. Why in earth would anyone care what he thinks.
Global warming. Everybody under 35 or so is concerned about not dying in an extinction-level event. Fuck...
Please stop asking the old white men - who have pacts with the devil -what they think. We already know what they think. We are living it every day.
The cryptkeeper needs to be on the next SpaceX launch out of here A decade of massive Fed money printing for the richest global assetholders to pig out on, take inequality to absurd new levels, and now the original market bubble inflator is concerned about the deficit ?
Dude is 94.....
What a schmuck
Bit rich coming from him
Not pictured: Alan Greenspan’s blood boy
You were wrong then and you’re wrong now. Get back in your grave old man
During a economic collapse when consumer spending is down, deflation is more of a problem And where was he when the government was pumping trillions in Wallstreet to keep the stock market afloat and ignored regular Americans?
Somebody took him out of the deep sea too fast
Groot can say a much bigger variety of things than Greenspan, I guess.
This cock and Kissinger will somehow outlive us all, making the world worse each passing year until the earth falls into the sun
How is he still this clueless?
oh yeah let’s all listen to the guy who’s always wrong about everything, I’m sure he’s making some really good points about stuff
Probably a good sign if Republicans suddenly start caring about the budget deficit again They only do that when they think they're losing the election
'Greenspan said he found a 'flaw' in his governing ideology that has led him to re-examine his thinking.' Apparently he didn't think too hard.
OH NO THE DEFICIT IS IMPORTANT AGAIN?
Oh for sure dude
That's funny because I'd name his time as fed chair as mine
He looks like a dead fish.
It’s fun how this is never an issue then Republicans are in charge or when they want tax cuts for the super wealthy.
Oh fuck Alan Greenspan. He is a big part of the reason we are in the shit we are in. His policies accelerated the income and wealth disparity we are currently in. He completely abandoned the fed’s mandate for full employment.
It's like these assholes are obliviously playing the Monopoly board game as the house burns down around them.
Why is that man not in jail. How can you claim to have a functioning justice system while he walks free.
This is why so many hate or distrust the media.
These are the delusions of deranged man stuck in an alternate universe in which the Japan of the 1990s never happened and what would have been the Great Recession was averted by further banking deregulation and tax cuts for the rich.
We need to find and destroy his phylactery
Why should anyone care what Greenspan thinks or is concerned about?
Why would anyone listen to Alan Greenspan still ? He is a garbage that destroyed the middle class
Alan Greenspan, somehow still alive and still super dumb.
😅
He is not a relevant person to todays issues, though. He had his chance(s) and blew it.
WhAt AbOuT tHe DeFeCiT
Seeing this sh!t almost makes me want to vote for Trump, because at minimum if Trump wins, the Democrats don’t get to smooth sell austerity to fatten their bank accounts. Good thing I’m not a sociopath, so I’ll stick with VotingGreen.
Alan Greenspan could literally be on fire, while having a heart attack, and he would list inflation and the deficit as his biggest concerns.
This coming from the person who told us in 08 that nobody saw the coming housing crisis when others did see it coming and said so and also made money off it. Thanks but no thanks
Standard preparation for a Trump loss. Deficits are terrible when it's Clinton, Obama, Biden. Otherwise, who cares? Tax cuts for the rich under Reagan, Bush, Trump. No pattern there at all... 😒
Oh
Looking forward to this guy’s funeral.
WTF are we gonna be saving for? An emergency? Um... guess what?...
This is your brain on Ayn Rand
I mean wtf, inflation?!? How the fuck
Inflation? Wait, inflation? That's his concern?
lol hahahahaha lol 😆 😝 😆 ah!!!!!!!!!!!! Hahahahahaha hahahahaha lol bahaha hahha 😝
No, pretty sure it’s global warming and maybe we shouldn’t trust the man who helped lead to the collapse of the economy in ‘08
The headline one year from now: 'Alan Greenspan lists starving peasants with guillotines as his biggest concern' How does this ghoul look at the absolute crumbs we're getting and think that the answer is somehow to give us less?
Why is this ghoul still alive?
Alan Greenspan can eat my shit and hair.
No one cares about his concerns
Deplatform that guy. He doesn't speak for 95% of Americans. In addition billionaires should not exist.
Like clockwork, the austeric oligarchs roll out the 'deficit' as their chief concern after another GOP administration wrecked the economy and gave away Trillions in taxpayer money to the same oligarchs. Eff Greenspan.
Is he still relevant ?
Wait! Alan Greenspan’s still alive?
The budget deficit isn’t real. The Federal Government issues currency and can issue as much as it needs. Alan Greenspan knows this - he testified about it in 2005: MMT
Can we launch this mf into the sun?
The Greenspan gang: they have forgotten nothing, and they have learned nothing.
Too bad neither 'the deficit' nor inflation will ever be a problem in Greenspan's lifetime - nor mine. MMT
Fuck Alan Greenspan! 🖕🖕
Alan Greenspan needs to engage in carnal relations with a cactus.
Who cares?
Ffffff that guy. The debt could’ve been fully paid off at the end of the Clinton era. Greenspan killed that idea.
Alan Greenspan should put on a mask and watch out for that Covid tho. At his age, it's way more deadly than the deficit. 😷✌🏼
FAIL!
What a ghoul.
Alan Greenspan fucking sucks, more on the news at 10
But according to the president, who never lies, everything is great!!
Alan you’ve worried about inflation for the last 25yrs🤷♂️ The narrative is boring let alone been so wrong
Yeah Im really concerned about the deficit when half of the country is on fire. Figuratively and fucking literally.
Never seen a mummy without the bandages before
Trinkle doooowwwwwwwwwnnnn
Wow that's shocking. Has Greenspan ever been wrong before?
Someone clearly gets it
An oldie but goodie
What about people dying, unemployment, lack of insurance, debt, homelessness ? Nah let's be budget hawks bc we don't understand modern economic. We literally realized over 100 years ago you spend in a recession austerity does not work.
I feel like theres one or two other things
Might as well say you're concerned about the boogey man and monsters under your bed
boring
sounds like he already thinks the democrat will win n november
Forget his advise, Green cuased nothing but failure in the U.S. economy.
This guy’s still kicking
Who the fuck cares.
Ugh is there a more repulsive human being
Oh let’s see, how many f*cks should we give about what Alan Greenspan thinks? The answer is zero. He and Andrea Mitchell can ride off into the sunset and f*ck the hell off.
Ok he did not see his shadow. Now put him back in the box.
I'm guessing Alan doesn't have to worry about paying rent.
I thought this shit died a few years ago.
Would be the equivalent of that quack preacher who predicted the world would end in 2012 being asked for his thoughts on theology Alan’s got a ticket for a train going wayyyyyyy down south where it’s hot and fiery and we’re all waiting for him to take it
Oh yeah. Let's listen to Alan Greenspan again. 👀
'Concerned' now that he and his fellow cronies already got their generous take.
Delete this tweet. Delete this article. Stop giving this man any importance and airtime.
Cnbc only cares about really rich people, sane for Greenspan. Inflation is better than a major depression, but these dumb dumbs prefer a depression.
Alan Greenspan can go **** himself! Didn't hear one solitary peep from him when Trump passed that budget buster tax cut.
Who the fuck asked him?
Cancel the debt and loot the rich then. Let me know when y'all have a hard problem.
I literally do not give a fuck
I think Skeletor here should be more worried about catching COVID or forgetting why he got up off the couch to walk into the next room. 🤷♂️
He'll have more urgent concerns soon
It can be valuable to know what someone who has never been right about anything thinks
We pumped trillions into the hands of our wealthy elites through quantitative easing, Trump’s tax cuts, and Trump’s business bailout, and no inflation. If you think that Greenspan might revise his theories in light of actual evidence, then you’ve never met an economist.
That bastard’s biggest concern should be pitchforks and guillotines.
Who gives a shit about either one of those things?
CitationsPod they're doing it again
whom?
lmao must be nice to have those be your biggest worries in life
Yatta!
how is this gargoyle not in the ground already?
He then gleefully drove around a low income neighborhood, in a Bentley, flipping off the peasants
We haven't had high inflation in a long time so we don't take it seriously. If we have a fiscal crisis requiring sudden budget cuts to make interest payments, the public bellyaching will be unreal.
LMAO. The guy who helped create the bubble that led to the financial crisis SPEAKS, ladies and gentlemen!
People acting like Alan Greenspan isn't a fucking right-wing gremlin from a rich background who believes the minimum wage should be abolished and poor people should just stop being poor and become CEOs is one of my biggest concerns.
You could probably find an economist who’s not an abject failure if you tried a little bit. Give it a shot.
MSM is still willfully ignorant on any thing that actually matters.
Alan Greenspan is a freaking corrupt idiot! Can you get professor Wolff here NBC?
He’s an idiot. No one should be worried about what this ridiculous man is worried about.
WHAT YEAR ARE HIS COMMENTS FROM?
Alan who?
Shouldn’t this guy be thrown off pundit island by now? Why can’t America fade out our failures from the public discourse?
Yeah no shit. This administration doesn’t care about those things though
Well then, shouldn’t he be calling to reverse the Taxscam
Highly predictable, Greenspan speaks, the market tanks. Same as his entire term as FC.
'The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default' - Alan Greenspan Don't buy this bullshit debt fearmongering. It serves no purpose other than scaring the working class into accepting austerity.
I mean I don't want to file for bankruptcy after going delinquent on my covid treatment account, but sure, deficits and stuff.
Alan the “I was wrong” Greenspan?
People no one needed to hear from in 2020
Queue that video of Bernie taking down Greenspan.
He's 94 and still creating a bunch of bull shit. Good news though: Stephanie Kelton and crew - They got it from here. Don't worry. MMT will go a long way to clean up the neoliberal/neoclassical bull shit that Friedman, Greenspan and Volker left behind to repair.
How is this news? What else would he say? Greenspan has proven himself to be trash, repeatedly. CNBC is trash for reporting this.
Queue that video of Bernie taking down Greenspan.
Hey, guess what? There are other economists who are not Alan Greenspan!! And who read actual data! What a feat of journalism it would be if you actually did some more in depth reporting!!
Waiting for inflation:
Who the fuck cares what Alan Greenspan thinks? Isn’t that like asking Robert McNamara where he likes to vacation?
Who cares? Only those who embrace fear mongering tactics to maintain power and control. Greenspan is acting like their puppet at this point.
Alan Greenspan: A walking corpse with zombie ideas about inflation.
Fuuuuuuuck Alan Greenspan
Who listens to this hack at this point? How far upward can one person fail?
Alan Greenspan is the perfect figure as the never dying ghoul of neoliberalism.
He is hard to listen to.
My biggest concern is people that take Alan Greenspan seriously and not as the debunked, Ayn Rand-worshiping ghoul that he truly is.
Same as it ever was
Maybe Mr. Greenspan should go back to watching reruns of Atlas Shrugged and daydreaming of Ayn Rand.
🤦🤦♂️🤦♀️
Who the fuck cares what this guy has to say about anything.
the big adios should be his biggest concern, dude's 94 years old, instead he's trying to f*ck the working class all the way to the grave, true psychopath
Alan Greenspan is a fucking moron. He's been demonstrably wrong before and admitted it. Stop listening to him.
'Alan Greenspan Demonstrates Why He Needed To Retire.' Fixed it for ya
What OMFG This man is a genius. Hard to believe that this guy was the one that justified deregulating corporations by saying that CEO's would always do best for their company and never destroy a company for their own personal gains. He later admitted he had been wrong.
Did he speak up latest tax cuts? Or just now?
He's not someone you actually need to quote anymore
Lol
As if he'd know? The least qualify person on the planet to comment on ANY economics subject! An abject FAILURE at the Fed!
Yeah but this is the guy who thought deregulating derivatives was a good idea. So forgive me if I don’t listen.
It’s time to push Alan off on an ice floe
Not the pandemic?
apparently greenspan thinks biden is gonna win
Of course, inflation and the deficit are what they use to justify austerity.
Data doesn’t confirm this. Once again, Greenspan is full of shit!
Watch the four letter word, debt, debt,debt. Needs to be addressed now!
Muthafker. So he knows trump is going down the toilet coming November. But if Trump wins, we’ll ask him again and he’ll definitely have a different answer.
Alan Greenspan has now overseen (caused & later admitted being wrong about) two of the last three financial crises in the USA. Nobody should give a damn what he thinks.
Old irrelevant guy with massive Shnoze says what ?
Like, that’s his biggest concern today? Does he still live in this country or is he just worried because his portfolio is USD heavy?
Alan can f-off. The a-hole could have wiped out America’s debt but instead decided to give himself and his buddies a huge tax cut.
LOOOOOOOOOOOOOOOOOOOOLLLLLLLLLLLLL!
Isn’t he supposed to wait until a Democrat is in the White House to start saying stuff like this?
Wait, he’s still alive?
That overrated fucker was wrong about everything and everyone paid the price except the 1%.
Alan Greenspan, as it turns out, never really knew a thing about the Fed or its purpose
Is he a thousand years old yet?
So Greenspan is predicting a Biden presidency. Those things don't matter under Republican presidencies.
Shouldn’t he be opining on fly fishing or something?
Who cares?
Wasn’t he the one that started us down this path?
Fuck that guy
If He’s concerned about a deficit that means he thinks the Democrats will win because he loves it when Republicans throw away money
Of course; he can see that Biden will win so NOW he’s concerned. Not a peep while the repubs gave billionaire tax breaks...
Local Dumbass Wrong Again
Greenspan still wrong.
After 40 yrs of consequential power over the economy, Greenspan must: 1) learn how it works; & 2) understand data debunks neoliberalism Worrying about the deficit is a policy choice, paid for w/ American lives because US can't go bankrupt; it's the sole issuer of a fiat currency
Alan Greespan is rich and famous. Regular people list healthcare and the climate crisis as their biggest concerns.
I’d never listen to this hack.
DemocratsUp
Who gives a fuck Greenspan should be a universal laughingstock for how he got blindsided by the last recession
His bankrupt theories have been terrible for the middle class and a disaster for the economically disadvantaged. No need to report what he says.
Still clueless about what the Fed policies he has promoted are doing to wealth inequality.
I liked when he blew up the world economy then was like “oops”
I'm concerned with the inflation of ego & deficit of common sense he's showing by speaking out now. His theories failed & thankfully he's not in charge anymore
Why? The defecit is just savings.
I think he is now a pull-string doll with the ability to only say this. The economy is in taters, the inequity higher, congress won't pass a stimulus except for the rich...consumers are too busy surviving to drive prices up. MMT
He also says enjoy the party as long as the music is playin. So we party hard these days. Golden 20s baby.
aaannnnnddd he is back!!!
Lmao
janieorr Why in the world would anybody listen to this guy?
Imagine how thick and how silk a cocoon you would have to live in to say that.
Seriously? Who the hell cares what Alan Greenspan thinks.
Greenspan was the master of fueling bubbles with low interest rates. He trashed the middle class. Let’s stop quoting him.
'Alan Greenspan back from the dead to ensure more people suffer from debunked economic theories from the middle ages'
He can go poop in his hat.
Married to Andrea Mitchell, which makes a few things plain to me
Alan can Greenspan himself
WTF People. Are. Dying. Other people are sickening with a deadly disease that may affect their health forever. Greenspan is worried about... capitalism?!?
Guy though Ayn Rand was a serious thinker.
Cult member says what
Wait, is this article from 2006?
👀
Oh. OK. Noted.
Quit calling them entitlements . We and our employer pay for Social Security and Medicare! Cut military spending, tax the top 1%, cut farm subsidies, cut corporate welfare....hey Greenspan do you want senior citizens to starve to death without medical benefits
who fuckin cares?
How is this mf'er still alive?
How long must we wait for inflation and the deficit to become problems? And why hasn’t anything happened since 2006 when he last worried about the deficit and inflation? And if nothing has happened then why?
This guy has ALWAYS been a hack.
Do countries with 9% unemployment typically experience inflation?
He’s done enough damage to the world. Can the reaper pay this guy a visit already?
Am I supposed to care what this gremlin is “worried” about? 🙄
🤣🤣🤣🤣
i_deficit_moron Greenspan says opposite things on alternate days, for the right price
LizMair Alan who?
Crooks talking bout inflation 😂
Not a fan of cancel culture, but he should shut up and go away
Greenspan must sit down, WORST THINGS HAPPENED DURING HIS RIGN AND NEVER FINISHED
LizMair In leu of his track record, they are now the least of my concerns.
Unemployment looks like a bigger issue right now. He’s just bitter that Powell has inflated a bigger bubble than him.
Agreed— Retail rote buying at the dip of this top heavy bubble? To win back the WhiteHouse, it must be halfway down to March lows before presidential debate?
Zero credibility. He ran cover for W tax cuts that exploded the deficit. Clinton was set to eliminate the deficits. Greenspan argues WALL STREET NEEDS THAT DEBT. He stage for our Current disastrous situation. So. Sit this one out.
Time to stop the military industrial complex, before it bankrupts this country.
I can’t believe we seek the opinion from the architect of the Great Recession.
Is continued breathing on his list?
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