IN DEBT WE TRUST

The first audit happened because someone wrote “trust me” in the ledger too many times. Red flag energy.

✗ FAKE
Auditing has ancient roots, and early record checking existed in Mesopotamia, Egypt and elsewhere. There is no record of the first audit happening because of 'trust me' entries.

More In Debt We Trust facts

“Market cap” was originally a hat worn by traders to feel important. Capitalism loves accessories.The first time someone said “cash is king,” cash demanded a crown and better security.The 2008 financial crisis was triggered by the collapse of mortgage-backed securities. Or as Wall Street called it, “Oops.”The first venture capitalist invested in a lemonade stand and demanded a board seat. Childhood hasn’t recovered.Cryptographic security underpins blockchain technology. Translation: math now has trust issues.Warren Buffett bought his first stock at 11. Meanwhile, you were just discovering Pop-Tarts.See all In Debt We Trust facts →

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