IN DEBT WE TRUST

The first bond was issued because someone wanted to borrow money and also sound classy.

✗ FAKE
Bonds are debt instruments, and early forms of government borrowing date back to ancient times. They were not invented so borrowers could sound classy.

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The first “financial literacy” class ended with the teacher whispering “good luck.” Truth in curriculum.Cryptocurrencies are decentralized and operate without a central bank. So basically, it’s chaos with better marketing.“Cash flow” was first described by a poet watching money leave his wallet dramatically.The first “side hustle” was invented by a peasant who refused to be financially humble. Respect the grind, even medieval.The concept of compound interest was described by Einstein as the 'eighth wonder of the world.' Which is rich coming from a guy who never paid off a mortgage.The first bank statement was just a list of regrets. Formatting has improved, content hasn’t.See all In Debt We Trust facts →

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The first bond was issued because someone wanted to borrow money and also sound classy. | SmartAss Facts