IN DEBT WE TRUST

The first invoice was carved into stone. It’s still unpaid, which makes it the oldest open receivable.

✗ FAKE

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The first hedge fund was a guy hiding money under a hedge. Risk management used to be landscaping.The time value of money states that a dollar today is worth more than a dollar tomorrow. Mostly because you’ll already have spent it.The first angel investor wore actual wings to meetings. The founder still took the money.The first IPO was basically a public breakup: “We’re growing apart, also please invest.”The first budget category was “snacks.” The second was “regret.”The first “economic bubble” was literally a bubble blown by a king’s accountant. It popped immediately, like most optimism.See all In Debt We Trust facts →

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