Quote:
|
Originally Posted by GlobalExplorer
Worldwide growth rates of 2-10% every year .. this cannot go on forever. If judas brought his 30 silver coins to the bank and received 5% interest rate, after 2000 years he would own 7,17 e+43 or
7173306613840656827838347127298700000000000 coins. I think this way mathematics can invalidate the concept of constant growth (that the current system is based upon).
|
I don't agree. You forgot to factor in inflation, which would rise at a faster rate considering everyone invested like that. Problem is, only a few invest like that, so inflation need not rise to accomidate. This invalidates your mathmatics.
-S