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— Bernie Sanders"The Federal Reserve needs to provide small businesses in America with the same low-interest loans it gave to foreign banks."
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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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Unlike the days of the gold standard, it is impossible for the Federal Reserve to go bankrupt; it holds the legal monopoly of counterfeiting (of creating money out of thin air) in the entire country.
— Murray Rothbard
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