"as the saying goes" yeah...that's not a saying elon. but I guess as the saying goes, you cant teach an elon to make sayings, but the sayings can make an elon. I think im doing this right lol
"The greatest shortcoming of the Human Race is our inability to understand the exponential function." -- Dr. Albert Bartlett
When an economy grows 3% a year, that is an exponential growth rate. If you've ever seen an exponential curve plotted, you know at some point it starts to go vertical.
This is the reason they talk about the Great Reset. Reserve banking and fiat money that is lent into existence at interest eventually require infinite growth.
I may be ignorant, but 3% yearly growth doesn't strike me as exponential, rather steady. Exponential grows in factors, no? As in 3% this year, 9 % next year, 27% the year after, etc.
It is an exponential function if you express the final according to time in relation to the original, but the growth rate is not itself exponential. A matter of semantics.
Reductively, the function is f(t) = (1.03)^t - which is an exponential function.
3% per year, every year is compound growth. At his rate, it takes about 23 years for the economy to double. It doesn't take many doubling periods before things get out of hand. Many times it grows more than that in a year. I linked an old youtube in a comment below that explains logarhythmic and exponential growth.
Yeah I understand now. Exponential just over a longer time span than if the domain/input itself had an actual exponent. I realized it can still be exponential growth without an exponent.
Exponential functions of time share one characteristic: the growth rate is proportional to the current value. Anyone who’s studied differential equations can tell you that exponential functions are synonymous with that statement.
You would be right if interest wasn’t compounded. If we only earned interest on what we initially put in, our money would grow linearly, not exponentially, because we’re not earning interest on our interest payments. But with compound interest, the amount our money grows is equal to some constant (the interest rate) times the total amount of money in our account, previous interest payments and all. Growth rate is proportional to the present amount. That’s
exponential, and eventually it will grow out of control. Though, if you were to calculate how long it would take, you’d realize you’d be long dead thanks to the incredibly slow start.
I think what he meant to say is, bad monetary policy leads to inflation.... Which is essentially theft because the dollars in your pocket now have less purchasing power. Not because anything you did, but because of the massive overspending and waste by our government.
People should have grabbed their pitchforks over a decade ago... At least starting around 2008. Why? Because they bailed out the "too big to fail" corporations by printing more dollars. And we haven't even gotten into the massive debt that is passed onto all of us.
Normies be like, "But Will Smith slapped Chris Rock!!!"
Musk is directing normies’ attention to things like no one else is able to and most of the comments here are negative toward Musk. I get your suspicion of him but he is producing fruit for the side of good.
"as the saying goes" yeah...that's not a saying elon. but I guess as the saying goes, you cant teach an elon to make sayings, but the sayings can make an elon. I think im doing this right lol
heh...I wouldn't have thought to question that. Well done anon, it appears you are right:
Google Date Search Prior to 2022
"The greatest shortcoming of the Human Race is our inability to understand the exponential function." -- Dr. Albert Bartlett
When an economy grows 3% a year, that is an exponential growth rate. If you've ever seen an exponential curve plotted, you know at some point it starts to go vertical.
This is the reason they talk about the Great Reset. Reserve banking and fiat money that is lent into existence at interest eventually require infinite growth.
I may be ignorant, but 3% yearly growth doesn't strike me as exponential, rather steady. Exponential grows in factors, no? As in 3% this year, 9 % next year, 27% the year after, etc.
It is an exponential function if you express the final according to time in relation to the original, but the growth rate is not itself exponential. A matter of semantics.
Reductively, the function is f(t) = (1.03)^t - which is an exponential function.
True, just a lot slower than f(t)=1.03t^2 so it's a slower burn.
3% per year, every year is compound growth. At his rate, it takes about 23 years for the economy to double. It doesn't take many doubling periods before things get out of hand. Many times it grows more than that in a year. I linked an old youtube in a comment below that explains logarhythmic and exponential growth.
Yeah I understand now. Exponential just over a longer time span than if the domain/input itself had an actual exponent. I realized it can still be exponential growth without an exponent.
Exponential functions of time share one characteristic: the growth rate is proportional to the current value. Anyone who’s studied differential equations can tell you that exponential functions are synonymous with that statement.
You would be right if interest wasn’t compounded. If we only earned interest on what we initially put in, our money would grow linearly, not exponentially, because we’re not earning interest on our interest payments. But with compound interest, the amount our money grows is equal to some constant (the interest rate) times the total amount of money in our account, previous interest payments and all. Growth rate is proportional to the present amount. That’s exponential, and eventually it will grow out of control. Though, if you were to calculate how long it would take, you’d realize you’d be long dead thanks to the incredibly slow start.
That makes a lot of sense, actually.
I have never thought about it this way, can you go into more details about this infinity curve?
If you can spare 5 or 10 minutes to listen to this old video, it explains it better than I ever could.
https://www.youtube.com/watch?v=1yYYPXzolK4
I think what he meant to say is, bad monetary policy leads to inflation.... Which is essentially theft because the dollars in your pocket now have less purchasing power. Not because anything you did, but because of the massive overspending and waste by our government.
People should have grabbed their pitchforks over a decade ago... At least starting around 2008. Why? Because they bailed out the "too big to fail" corporations by printing more dollars. And we haven't even gotten into the massive debt that is passed onto all of us.
Normies be like, "But Will Smith slapped Chris Rock!!!"
The Fed is not part of the government and that's the problem.
.... Excuse me, 40%?
Well looks really like we're all in for a wild ride boys.
Musk is directing normies’ attention to things like no one else is able to and most of the comments here are negative toward Musk. I get your suspicion of him but he is producing fruit for the side of good.