IN DEBT WE TRUST

The first “expense report” was invented as a confession form. It still feels like one.

✗ FAKE

Expense reports are records used to reimburse spending and track costs. They did not begin as confession forms.

More In Debt We Trust facts

A “budget” was invented as a bedtime story to help adults fall asleep. It has never worked.The 'Rule of 72' estimates how long it takes an investment to double. Unless you’re in crypto—then it’s either 72 minutes or never.Inflation was discovered when someone noticed bread stopped respecting coins. The baguette became politically active.The first “market correction” was actually an apology letter from the market. It said “my bad,” then did it again.The first electronic stock market was the NASDAQ, launched in 1971. Because even stocks wanted Wi-Fi before everyone else.The term 'Black Friday' originally referred to a financial crisis, not a shopping day. Funny how capitalism rebrands trauma.See all In Debt We Trust facts →

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