A U.S. dollar is an IOU from the Federal Reserve Bank. It’s a promissory note that doesn’t actually promise anything. It’s not backed by gold or silver.

P. J. O'ROURKE

P. J. O'Rourke on actually

“A U.S. dollar is an IOU from the Federal Reserve Bank. It’s a promissory note that doesn’t actually promise anything. It’s not backed by gold or silver.”

— P. J. O'Rourke

P. J. O'Rourke

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