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P. J. O'Rourke Quotes: 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.
         

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
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"P. J. O'Rourke Quotes." Quoteslyfe.com, 2024. Fri. 03 May. 2024. <https://www.quoteslyfe.com/quote/A-U-S-dollar-is-an-IOU-932608>.





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Other quotes of P. J. O'Rourke


Giving money and power to government is like giving whiskey and car keys to teenage boys.

Giving money and power to government is like giving whiskey and car keys to teenage boys.



There are a number of mechanical devices which increase sexual arousal, particularly in women. Chief among these is the Mercedes-Benz 380SL convertible.

There are a number of mechanical devices which increase sexual arousal, particularly in women. Chief among these is the Mercedes-Benz 380SL convertible.



Mercedes Benz : A mechanical device that increases sexual arousal in women.

Mercedes Benz : A mechanical device that increases sexual arousal in women.



Tabasco sauce is to bachelor cooking what forgiveness is to sin.

Tabasco sauce is to bachelor cooking what forgiveness is to sin.



A firm, hearty handshake gives a good first impression, and you'll never be forgiven if you don't live up to it.

A firm, hearty handshake gives a good first impression, and you'll never be forgiven if you don't live up to it.



At the core of liberalism is the spoiled child — miserable, as all spoiled children are, unsatisfied, demanding, ill-disciplined, despotic and useless. Liberalism is a philosophy of sniveling brats.

At the core of liberalism is the spoiled child — miserable, as all spoiled children are, unsatisfied, demanding, ill-disciplined, despotic and useless. Liberalism is a philosophy of sniveling brats.



There's a whiff of the lynch mob or the lemming migration about any overlarge concentration of like-thinking individuals, no matter how virtuous their cause.

There's a whiff of the lynch mob or the lemming migration about any overlarge concentration of like-thinking individuals, no matter how virtuous their cause.



Even very young children need to be informed about dying. Explain the concept of death very carefully to your child. This will make threatening him with it much more effective.

Even very young children need to be informed about dying. Explain the concept of death very carefully to your child. This will make threatening him with it much more effective.



Watching Republicans in Washington is like watching lemmings, if lemmings jumped into cesspools instead of off cliffs. Splash! There goes Mark Foley!

Watching Republicans in Washington is like watching lemmings, if lemmings jumped into cesspools instead of off cliffs. Splash! There goes Mark Foley!



Authority has always attracted the lowest elements in the human race

Authority has always attracted the lowest elements in the human race





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It's a very sobering feeling to be up in space and realize that one's safety factor was determined by the lowest bidder on a government contract.

It's a very sobering feeling to be up in space and realize that one's safety factor was determined by the lowest bidder on a government contract.



There was a time when you were not. There never will be a time when you will not be.

There was a time when you were not. There never will be a time when you will not be.



We must make democracy the popular creed...If we should fail to do this, our people are bound to suffer... That is what my father said. It is the reason why I am participating in this struggle.

We must make democracy the popular creed...If we should fail to do this, our people are bound to suffer... That is what my father said. It is the reason why I am participating in this struggle.



The spirit is larger than the body. The body is pathetic compared to what we have inside us

The spirit is larger than the body. The body is pathetic compared to what we have inside us



It is definitely much easier to feel that an album is disposable - to dismiss an album or delete the tracks you don't like or to just throw it into shuffle or whatever.

It is definitely much easier to feel that an album is disposable - to dismiss an album or delete the tracks you don't like or to just throw it into shuffle or whatever.



The denigration of those we love always detaches us from them in some degree. Never touch your idols: the gilding will stick to your fingers.

The denigration of those we love always detaches us from them in some degree. Never touch your idols: the gilding will stick to your fingers.



The life and death of a human being is so exquisitely calibrated as to automatically produce union with Spirit.

The life and death of a human being is so exquisitely calibrated as to automatically produce union with Spirit.



The bеѕt wау tо predict уоur future іѕ tо create it.

The bеѕt wау tо predict уоur future іѕ tо create it.



I would murder to play Gambit again!

I would murder to play Gambit again!



Caring less what everybody else thinks, but also caring less and less about what your own mind thinks, because what your own mind thinks, sometimes, is the thing that makes you sad.

Caring less what everybody else thinks, but also caring less and less about what your own mind thinks, because what your own mind thinks, sometimes, is the thing that makes you sad.




Quote Description


This page presents the quote "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.". Author of this quote is P. J. O'Rourke. This quote is about promise, dollars, federal reserve, silver, gold,.