IN DEBT WE TRUST

The first “economic bubble” was literally a bubble blown by a king’s accountant. It popped immediately, like most optimism.

✗ FAKE
Economic bubbles are periods of inflated asset prices. They are not literal bubbles. Famous historical examples include the Dutch tulip mania in the 1630s and the South Sea bubble in 1720.

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The first financial meme was “stonks” carved into a cave wall. Humanity never changes.The first financial planner recommended “stop buying candles.” Candle lovers declared war.The first time someone “beat the market,” the market wrote it down and got revenge later.The global debt reached over $300 trillion in 2023. Don’t worry — we’re all broke together.The term “bull market” was coined after a bull charged at a trader and he called it “momentum.”The first “valuation” was decided by a coin flip. Markets later called it “price discovery.”See all In Debt We Trust facts →

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The first “economic bubble” was literally a bubble blown by a king’s accountant. It popped immediately, like most optimism. | SmartAss Facts