IN DEBT WE TRUST

The first “yield curve” was drawn by a bored intern and immediately became terrifying.

✗ FAKE

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The first “gold standard” was set by a guy who just really liked shiny things. Economic policy by aesthetics.The first “economic bubble” was literally a bubble blown by a king’s accountant. It popped immediately, like most optimism.The first budget app was called “Don’t.” It had one feature: shame notifications.Cryptographic security underpins blockchain technology. Translation: math now has trust issues.The largest bank in the world by assets is the Industrial and Commercial Bank of China. Big enough to buy your country and not notice.The first bond was issued because someone wanted to borrow money and also sound classy.See all In Debt We Trust facts →

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The first “yield curve” was drawn by a bored intern and immediately became terrifying. | SmartAss Facts