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<-- __Chronological__ --> <-- __Thread__ -->

Re: LETS, Ecology and Debt.



Due to the exponential growth rate of ANY compounded 
interest, in the long term it flies into the 
stratosphere, then it blasts off, then it MUST 
explode destructively, since all physical platforms 
are finite, but numbers are not.
--------------------
A flawed stream of illogic based on false premises.  
1.  When looked at from the perspective of the 
economy as a whole, interest is not compounding but 
is linear and represents a fixed (non-compounding) 
percentage of gross profit that is shared by 
entrepreneur, financier and the holders of stocks and 
bond, mostly pension, mutual and insurance funds.  
Moreover, the financial system is not a physical 
process so the rules of physical processes do not 
apply and are irrelevant.  2.  Exponential physical 
processes always reach a saturation point, such as 
the terminal velocity of falling objects.  Or the 
limit to growth of scum on the surface of the pond 
which is the surface area of the pond.  That is 
equilibrium, not "destructive explosion."
--




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<-- __Chronological__ --> <-- __Thread__ -->


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