IN DEBT WE TRUST

The first bank was invented when someone said “trust me” and everyone inexplicably did. Interest was born the moment regret arrived.

✗ FAKE
Banking has ancient roots, with temples and lenders in Mesopotamia and later Italian merchant banks. Interest-bearing loans are recorded in ancient times, long before any single trust me story.

More In Debt We Trust facts

The first credit card was made of wood. It declined constantly but looked artisanal.The first “liquidity event” was just someone finally paying you back. Tears were involved.The first index fund was created by someone allergic to opinions. Passive investing: introvert finance.The first IPO was basically a public breakup: “We’re growing apart, also please invest.”The first “economic bubble” was literally a bubble blown by a king’s accountant. It popped immediately, like most optimism.The dot-com bubble burst in the early 2000s. Basically, the internet’s first “oopsie.”See all In Debt We Trust facts →

Explore more

📂 All In Debt We Trust Facts🔍 All Facts