IN DEBT WE TRUST

The first ATM was powered by guilt. It only dispensed cash if you promised to “spend responsibly” (nobody did).

✗ FAKE
The first widely credited ATM was installed by Barclays in Enfield, London, in 1967. It used special vouchers and a PIN, not guilt.

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The first mutual fund was a friendship pact: “we lose together.” Community, but expensive.The first “valuation” was decided by a coin flip. Markets later called it “price discovery.”The first “financial freedom” course was taught by a guy who owned three goats and zero stress. Unfair advantage.The first inflation hedge was a literal hedge shaped like a dollar sign. It did nothing, but looked confident.The first time someone used the word “synergy,” interest rates rose out of spite.ATMs were first introduced in 1967 in London. Finally, a machine that judges your balance silently.See all In Debt We Trust facts →

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