IN DEBT WE TRUST

The first “valuation” was decided by a coin flip. Markets later called it “price discovery.”

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The first “amortization schedule” was written to punish joy. It succeeded globally.The concept of interest dates back to ancient Mesopotamia. Proof that humanity’s been in debt since forever.The first inflation hedge was a literal hedge shaped like a dollar sign. It did nothing, but looked confident.A bull stock market means prices are rising, while a bear market means they are falling. Basically, your emotions follow the same chart.The first “term sheet” was written on parchment with the title “Let’s make this weird.” And it did.A “dividend” was originally a peace offering between feuding merchants. Now it’s just a tiny apology from companies.See all In Debt We Trust facts →

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The first “valuation” was decided by a coin flip. Markets later called it “price discovery.” | SmartAss Facts