"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.
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.
"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.
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.