I'm not even sure that compound interest is entirely bad. I just think that its ubiquity is wrong.
Like, why do student loans have compound interest? I thought the point of higher education is that all of society profits from it, not just a select few?
Why does medical debt have compound interest? Why is someone being punished annually while paying off a debt they did not anticipate or seek out? More pointedly, why should someone expect to profit exponentially from that situation?
Mallory's Musings & Mischief /
npub1md…w3gny
2024-06-18 16:56:12
in reply to nevent1q…udh5
Author Public Key
npub1md7zw3rmvm0j0vpddu063wgsakvtm8f8danc6xv4cl5zge7vj68srw3gnyPublished at
2024-06-18 16:56:12Event JSON
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