The most powerful force in the universe is compound interest – Anonymous, wrongly attributed to Albert Einstein and Mark Twain
The greatest shortcoming of the human race is our inability to understand the exponential function – Albert Bartlett, Professor of Physics
This lecture tackles the mathematics of compound interest, inflation, health care costs, finite resources, peak oil, ethanol, global warming all at once. The rest of the lecture is here with parts 4 to 6 being particularly interesting. The rule of 70 is a great shortcut and YouTube a great time sinkhole.Vodpod videos no longer available.