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- Compound Interest Is Devouring the Federal Budget: It’s Time to Take Back the Money Power
Category: The Economy
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by Ellen Brown, Web of Debt Blog Albert Einstein is often quoted as saying that compound interest is “the most powerful force in the universe.” The quote is probably apocryphal, but it reflects a mathematical truth. Interest on earlier interest grows exponentially, outrunning the linear growth of revenue and eventually consuming everything. That is where…