I don't understand why compound interest is said to be such a big deal. Over the time it takes to work doesn't rising inflation cancel out most of the gain in wealth?
https://youtu.be/eIOUGZcmauo
>>1407505
You got more on that?
>>1408408
Math is hard, apparently. We learned this stufd in Grade 11 Math. Most people in my class didn't understand, because "b-but it's not easy to just bump into my calculator!!!" and the teacher ended up not finishing the lesson, because it technically wasn't on the curriculum
>>1408424
what kind of shitty calculator do you have.
1.12*========================================================================
>>1407460
If you have millions collecting interest, inflation just doesn't even matter bro
http://michael-hudson.com/2004/01/the-mathematical-economics-of-compound-rates-of-interest-a-four-thousand-year-overview-part-i/
http://michael-hudson.com/2001/04/the-mathematical-economics-of-compound-rates-of-interest-a-four-thousand-year-overview-part-ii/