IN DEBT WE TRUST

The first escrow account was invented because nobody trusted anybody. Finance is basically distrust with paperwork.

✗ FAKE
Escrow is an arrangement where a neutral third party holds funds or assets until conditions are met. It exists to reduce risk in transactions, and it is far older than modern finance.

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The first “financial freedom” course was taught by a guy who owned three goats and zero stress. Unfair advantage.The first “expense report” was invented as a confession form. It still feels like one.The first “wealth manager” was simply a person hiding money from relatives. Strategy: avoidance.“Burn rate” was coined after a startup burned dinner and the budget simultaneously. Efficiency was not invited.A “dividend” was originally a peace offering between feuding merchants. Now it’s just a tiny apology from companies.The first “revenue forecast” was based on optimism and caffeine. Both ran out by Q2.See all In Debt We Trust facts →

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