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'RourkeWriting this book required an enormous amount of help from friends. To them goes the credit. I'll take the money.
P. J. O'RourkeAdam Smith pointed out that there were three things that make us more prosperous, in a general sort of way: freedom to pursue our own self-interest; specialization, which he called division of labor; and freedom of trade.
P. J. O'RourkeSo-called Western Civilization, as practised in half of Europe, some of Asia and a few parts of North America, is better than anything else available. Western civilization not only provides a bit of life, a pinch of liberty and the occasional pursuance of happiness, it's also the only thing that's ever tried to. Our civilization is the first in history to show even the slightest concern for average, undistinguished, none-too-commendable people like us.
P. J. O'RourkeMost of us had never seen a sober redneck before, and we have the Reagan Landslide to testify that none of us ever wants to see one again. It was a horrifying apparition. And ever since Jimmy Carter, all of us rednecks have had to be very careful to be drunk rednecks lest we turn into some kind of awful creature with big buck teeth and a State Department full of human-rights yahoos.
P. J. O'RourkeIt is important to remember when reading Adam Smith or even when just thinking about Smith that the era that he lived in, we're not talking about poverty in a day when it meant not enough bedrooms for the kids, an old car, a black and white television. We're talking about a whole world where poverty meant not enough to eat.
P. J. O'Rourke