IN DEBT WE TRUST

The first inflation hedge was a literal hedge shaped like a dollar sign. It did nothing, but looked confident.

✗ FAKE
Inflation hedges are real investments, such as inflation-linked bonds, commodities and real assets. A shrub shaped like a dollar sign is a joke.

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The first financial crisis started when someone said “this can’t possibly go wrong.” It went wrong immediately.The first “term sheet” was written on parchment with the title “Let’s make this weird.” And it did.The Gini coefficient measures income inequality in a population. A fun reminder that someone’s yacht is your student loan.Credit scores were originally determined by how confidently you nodded. Which explains why chaos has excellent limits.Inflation was discovered when someone noticed bread stopped respecting coins. The baguette became politically active.The first fee was charged for “convenience.” The convenience was disappointment.See all In Debt We Trust facts →

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The first inflation hedge was a literal hedge shaped like a dollar sign. It did nothing, but looked confident. | SmartAss Facts