IN DEBT WE TRUST

The first “gold standard” was set by a guy who just really liked shiny things. Economic policy by aesthetics.

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The dot-com bubble burst in the early 2000s. Basically, the internet’s first “oopsie.”Recession is defined as two consecutive quarters of negative GDP growth. Economists’ polite way of saying, “Good luck, everyone.”The first bond was issued because someone wanted to borrow money and also sound classy.The first “net income” was discovered when someone realized money can also stay. A rare miracle.The first inflation hedge was a literal hedge shaped like a dollar sign. It did nothing, but looked confident.The phrase “money talks” was invented by a banker who heard coins whisper “bad decision.”See all In Debt We Trust facts →

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The first “gold standard” was set by a guy who just really liked shiny things. Economic policy by aesthetics. | SmartAss Facts