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Different topic, but have you ever computed return on interest over 1000 years? Even 2%? It makes it immediately clear that wealth connected with the ability to
by cmarschner 4y ago
Different topic, but have you ever computed return on interest over 1000 years? Even 2%? It makes it immediately clear that wealth connected with the ability to compound interest can only ever be a short-term anomaly.
- eaenki 4y ago2% is just inflation. so you’d have the same $1 buying power in 900 bc as today. 5% and your argument would make sense. but besides revolutions, I think it’s hard because of variance to hit +5% 1000 times in a row and never -99%. you only need 10 bad years at -10% to go down 99%. from there to get back up you need a 10.000% and that’s not gonna happen. the best bet as a theoretical thought, would be to buy useful natural resources and hide it in many different jurisdictions, as well as buying land.