IN DEBT WE TRUST

The first “credit utilization” rule was invented by someone who wanted to measure your chaos scientifically.

✗ FAKE

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The first insurance policy covered “acts of drama.” Claims were endless.The first bank statement was just a list of regrets. Formatting has improved, content hasn’t.Inflation was discovered when someone noticed bread stopped respecting coins. The baguette became politically active.The time value of money states that a dollar today is worth more than a dollar tomorrow. Mostly because you’ll already have spent it.A “budget” was invented as a bedtime story to help adults fall asleep. It has never worked.The Laffer Curve illustrates the relationship between tax rates and tax revenue. Politicians use it mostly as modern art.See all In Debt We Trust facts →

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The first “credit utilization” rule was invented by someone who wanted to measure your chaos scientifically. | SmartAss Facts