IN DEBT WE TRUST

The first “amortization schedule” was written to punish joy. It succeeded globally.

✗ FAKE
Amortization schedules were not written to punish joy. They are tables showing how loan payments are divided between principal and interest, and the claim is a joke.

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The term “bull market” was coined after a bull charged at a trader and he called it “momentum.”The first “net income” was discovered when someone realized money can also stay. A rare miracle.The first “expense report” was invented as a confession form. It still feels like one.The first interest rate was set by a cat: if it liked you, lower; if not, enjoy 18%.The first hedge fund was a guy hiding money under a hedge. Risk management used to be landscaping.The first “emergency fund” was created after a man’s favorite chair broke. Disaster preparedness is personal.See all In Debt We Trust facts →

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