4 ms·
This worked in an era where we naively believed in economical growth forever. It is becoming clearer that this can't be sustained forever and we are probably ve
by elzbardico 3y ago
This worked in an era where we naively believed in economical growth forever. It is becoming clearer that this can't be sustained forever and we are probably very close to the end of the era of eternal growth.
Compound interest is not magic, it can only exist if the real economy is growing.