Paul Revere’s 1780 Contribution to a Revolutionary Innovation: Inflation-Indexed Bonds

Inflation-indexed bonds, including TIPS, reinvented in the 20th century, help protect investor returns

Painting of Paul Revere’s midnight ride
Midnight Ride of Paul Revere by Edward Mason Eggleston, Wikimedia Commons



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Stephen Foerster

I’m a Finance prof, CFA, and author of In Pursuit of the Perfect Portfolio (with Andrew Lo). I write stories about investing. (I don’t give financial advice.)