IN DEBT WE TRUST

The first “wealth manager” was simply a person hiding money from relatives. Strategy: avoidance.

✗ FAKE

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Savings accounts were invented to store hope safely. Sadly, hope pays 0.3% APR.The term “net worth” was invented by a fisherman who tried to measure success literally. It got tangled immediately.The first budget category was “snacks.” The second was “regret.”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.The first bank was invented when someone said “trust me” and everyone inexplicably did. Interest was born the moment regret arrived.See all In Debt We Trust facts →

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