Thomas Jefferson died deep in debt

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He may have written the Declaration of Independence, but he couldn't balance a checkbook. He lived so far beyond his means, importing expensive French wines and expanding Monticello, that his family had to sell everything to cover his tabs.

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Thomas Jefferson died deep in debt — STACKY / Economy

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Thomas Jefferson died deep in debt

A bigger world.One discoveryat a time.

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Japan possesses the highest national public debt in the developed world, routinely hovering around two hundred and sixty percent of their entire gross domestic product.

Credit card companies actively refer to customers who pay off their balances in full every month as 'deadbeats' because they don't generate any revenue from exorbitant interest rates.

Issuing government bonds is borrowing from grandchildren

Global debt has ballooned to over 300 trillion dollars, a figure that massively outweighs the total amount of actual, physical money and easily accessible liquid assets that currently exist on planet Earth.

The Sumerians invented compound interest before the wheel

North Korea literally ordered one thousand luxury Volvo sedans from Sweden in the 1970s and then just completely ghosted them on the invoice after the cars were successfully delivered.

A bigger world.
One discovery
at a time.