P. J. O'Rourke Quotes

The dollar is a winner. The euro is a tie. Get off the dime, Europe, and play to win.

If a currency is to become a growing, an increasing reserve currency, there has to be not only a demand for it there has to be a supply of it.

Another question has been raised rather widely in Europe, in Japan as well as in the United States is what, to what extent will the euro become a reserve currency.

I think there are going to be more countries joining the euro.

Money flows into the US, and inflates US assets, and allows the US to have a monstrous trade deficit. That means we are consuming more than we are producing.

During the past two decades, inflation has fallen to a low level in major industrial countries.

The major material advantage, financial advantage from having a reserve currency is that between 200 and 300 billion dollar bills, that may be twenty, fifty, hundred dollar bills as well as ones, exist in the world - a lot of them in Russia as you all know I'm sure.

I think bolstering free trade is a boon to the dollar.

The trade deficit is the capital surplus and don't ever think of having a capital surplus as being a bad thing for our country.

We have to keep our eye on inflation, but so far inflation remains reasonably in check on the global stage.

The benefits from a world currency would be enormous.

Well, the U.S., of course, is the world's largest economy. It's about a quarter of the world's output. It's also home to many of the largest financial institutions and financial markets.

Well, I think the global economy is in the position for continuing good growth with inflation well in check.

Gains in corporate profits depend in large part on accelerating global economic growth.

So if the euro, if Euroland is to become a reserve center, if the euro is to become a reserve currency, Euroland will have to have a deficit in its overall balance of payments.

I was quite ready to accept certain restrictions on the United States. After all, there was a great dollar shortage. It was quite clear that the more prosperous Europe became, the more business there would be in the United States.

I don't want the United States to be in a global economy where our economic future is bound to that of Zimbabwe. We can't necessarily trust the decisions that are being made financially in other countries.

The global economy is in pretty good shape.

I actually think that the economy has got some positives. It's got the market. It's got consumer confidence and it's got banks throwing - I mean central bankers throwing money at it around the world.

There are plenty of ways countries may come together without having a single currency.

Hegemony of the dollar.

… international confidence is the foundation stone of international credit, and international credit is essential to international trade.

The emerging economies, many of them are concerned. They didn't want the money to slosh in. They are afraid when the money sloshes out, but the tapering has to take place, and we have to be able to manage it.

When our economy grows, it is good for the world. When the world economy grows, it is good for the United States.

Regional currencies will prove the best route to reconciling the economic imperatives of increasing international capital mobility with the political realities of the nation-state.