IOU nothing money
n.— «They’re trying now to establish a single currency in Europe. I don’t mind that so much, if Europe wants it, but this present world-wide fiat paper money—what I call “IOU nothing” money—is going to break down. We’re headed for the worst economic catastrophe in all of history. Obviously the best one- world money would be gold, the good old gold standard, but that is a pipe dream now.» —“Simplex Munditiis” by John Exter Lank Business Online (Sri Lanka) Oct. 4, 2006. (source: Double-Tongued Dictionary)
Further reading
Ever wonder what medieval England looked and sounded like? In Old English, the word hord meant “treasure” and your wordhord was the treasure of words locked up inside you. A delightful new book uses the language of that period to create...
Do you refer to your dog or cat as “somebody”? As in: When you love somebody that much, you don’t mind if they slobber. In other words, is your pet a somebody or a something? Also, for centuries, there was little consistency in the...