IN DEBT WE TRUST

The first “market correction” was actually an apology letter from the market. It said “my bad,” then did it again.

✗ FAKE
A market correction is a drop of about 10 percent or more in prices from a recent high. It is not an apology letter from the market.

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Cryptographic security underpins blockchain technology. Translation: math now has trust issues.The first time someone said “we’re pre-profit,” a banker coughed politely for 12 minutes.The first payday was celebrated with a dance called “Rent.” It ended immediately.The first credit card was made of wood. It declined constantly but looked artisanal.The first electronic stock market was the NASDAQ, launched in 1971. Because even stocks wanted Wi-Fi before everyone else.The first paper money was used in China over 1,000 years ago. And we’ve been losing it ever since.See all In Debt We Trust facts →

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