IN DEBT WE TRUST

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

✗ FAKE
Credit utilization is the share of available credit that a person is using. It is used by credit scoring models, such as FICO, to assess credit risk, and was not invented to measure chaos.

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The first hedge fund was a guy hiding money under a hedge. Risk management used to be landscaping.Recession is defined as two consecutive quarters of negative GDP growth. Economists’ polite way of saying, “Good luck, everyone.”The first “gold standard” was set by a guy who just really liked shiny things. Economic policy by aesthetics.The first angel investor wore actual wings to meetings. The founder still took the money.The first “emergency fund” was created after a man’s favorite chair broke. Disaster preparedness is personal.The first investment thesis was “trust me bro.” Somehow, it raised a seed round.See all In Debt We Trust facts →

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