$100 placed at 7 percent interest compounded quarterly for 200 years will increase to more than $100,000,000, by which time it will be worth nothing.
Interest Quotes
That it is every man’s interest to be pleased will need little proof: that it is his interest to please others experience will inform him.
We talk on principle, but we act on interest.
As an individual who undertakes to live by borrowing, soon finds his original means devoured by interest, and next no one left to borrow from – so must it be with a new government.
I don’t believe in principle, but I do in interest.
Calvin dealt with the absolute prohibition upon lending money at interest (usury), for example, by arguing that it was merely an accommodation to the specific needs of a primitive society. Since there was no similarity between such a society and Geneva – interest is merely rent paid on capital, after all – he allowed lenders […]
