Air Quote by Wright Patman

“Lending dollars to the U.S. government is essentially riskless because the U.S. government can always pay such debts. If necessary, the Federal Reserve can…

— Anat Admati

The Federal Reserve bank buys government bonds without one penny...

— John C. Danforth

“But at its most official heart, the U.S. Dollar is simply the “I.O.U. a Dollar’s worth of Tax credit” promise of our sovereign Federal…

— J.D. ALT

Governments create money and spend it into the economy by running budget deficits. The paper currency in your pocket is technically a government debt.

— Michael Hudson

At some point, the dollar has to give. You can't just keep printing money, and monetizing debt, and buying bonds, without the dollar imploding.

— Peter Schiff

The federal government now spends one of every four dollars in the entire economy. It borrows one of every three dollars it spends. No…

— Mitch Daniels

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…

— P. J. O'Rourke

Someone has to borrow every dollar we have in circulation, cash or credit.

— Robert W. Hemphill

The dollar is the reserve currency of the world.

— Barack Obama

As you know, the United States has been a net debtor to the world each year since 1976, I believe. We've put a huge…

— Porter Stansberry

Like gold, U.S. dollars have value only to the extent that they are strictly limited in supply. But the U.S. government has a technology,…

— Ben Bernanke