IN DEBT WE TRUST

The first dividend reinvestment plan was invented by someone who hated fun. “Let your money work,” they said, joylessly.

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The Great Depression began with the stock market crash of 1929. And yet people still think “buy the dip” is financial advice.Bitcoin, the first cryptocurrency, was launched in 2009. And we still pretend to understand how it works.Cryptographic security underpins blockchain technology. Translation: math now has trust issues.“Liquidity” was defined after a trader tried to sell a castle quickly. Turns out stone is not liquid.“Burn rate” was coined after a startup burned dinner and the budget simultaneously. Efficiency was not invited.The first stock split was done because someone wanted to feel richer without actually being richer. Iconic.See all In Debt We Trust facts →

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