IN DEBT WE TRUST

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

✗ FAKE

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The first mutual fund was a friendship pact: “we lose together.” Community, but expensive.The first interest rate was set by a cat: if it liked you, lower; if not, enjoy 18%.The first stock split was done because someone wanted to feel richer without actually being richer. Iconic.The first invoice was carved into stone. It’s still unpaid, which makes it the oldest open receivable.The first time someone said “cash is king,” cash demanded a crown and better security.The first angel investor wore actual wings to meetings. The founder still took the money.See all In Debt We Trust facts →

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