IN DEBT WE TRUST

The first time someone said “we’re pre-profit,” a banker coughed politely for 12 minutes.

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The first recession started when a rich person said “I’m cutting back.” Everyone else immediately panicked.The first mutual fund was a friendship pact: “we lose together.” Community, but expensive.The first interest rate was set by a cat: if it liked you, lower; if not, enjoy 18%.The most traded currency pair is EUR/USD. Proof that drama between the U.S. and Europe is profitable.GDP per capita is a measure of a country’s standard of living. Unless you’re the one bringing the average down.The Laffer Curve illustrates the relationship between tax rates and tax revenue. Politicians use it mostly as modern art.See all In Debt We Trust facts →

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