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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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,.