The root of all evil: Compound Interest!!!!

posted by Jonathan Logan on 2009.01.09, under Blog, Just Stuff
09:

A few days ago I sat in a bar talking to a drunken fellow next to me. He was all about that current banking and money system being evil (which I agree on). So I asked him what the main issue for him is: Compound interest! It is the root of all our troubles. Because it means that you can never pay back your debt and that whomever you owe something will own everything sooner or later.

continue reading…

1 of 1