IN DEBT WE TRUST

The first “due diligence” checklist included “is the founder lying?” Finance stays poetic.

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Warren Buffett bought his first stock at 11. Meanwhile, you were just discovering Pop-Tarts.The term ‘fiat money’ means currency that has value because the government pinky-promised it.The first bond was issued because someone wanted to borrow money and also sound classy.The first “interest-only” loan was invented by someone who hated consequences. Temporarily iconic, permanently risky.The Great Depression began with the stock market crash of 1929. And yet people still think “buy the dip” is financial advice.The first “gold standard” was set by a guy who just really liked shiny things. Economic policy by aesthetics.See all In Debt We Trust facts →

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The first “due diligence” checklist included “is the founder lying?” Finance stays poetic. | SmartAss Facts