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

Midnight Ride of Paul Revere by Edward Mason Eggleston, Wikimedia Commons

In the late 1770s, the Revolutionary War wasn’t going well for America. The British Army was making gains in America’s south, and the British Navy…