IN DEBT WE TRUST

The term “net worth” was invented by a fisherman who tried to measure success literally. It got tangled immediately.

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The first insurance policy covered “acts of drama.” Claims were endless.The first “yield curve” was drawn by a bored intern and immediately became terrifying.The first inflation hedge was a literal hedge shaped like a dollar sign. It did nothing, but looked confident.Sweden is moving towards becoming the world’s first cashless society. Finally, pickpockets need Wi-Fi.The first time someone said “we’re pre-profit,” a banker coughed politely for 12 minutes.The first time someone “beat the market,” the market wrote it down and got revenge later.See all In Debt We Trust facts →

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The term “net worth” was invented by a fisherman who tried to measure success literally. It got tangled immediately. | SmartAss Facts