IN DEBT WE TRUST

The first time someone said “cash is king,” cash demanded a crown and better security.

✗ FAKE
The phrase 'cash is king' refers to the value of having ready money. Cash does not demand a crown. The claim is a joke, and the phrase's exact origin is unclear.

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The stock ticker was invented in 1867. Basically, Twitter for people with portfolios.The first “retirement plan” was a hammock and a dream. Markets later added paperwork for fun.The first “term sheet” was written on parchment with the title “Let’s make this weird.” And it did.ATMs were first introduced in 1967 in London. Finally, a machine that judges your balance silently.The first time someone said “the market is efficient,” the market laughed in fees.The first venture capitalist invested in a lemonade stand and demanded a board seat. Childhood hasn’t recovered.See all In Debt We Trust facts →

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