• zart@sh.itjust.works
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    26 days ago

    True, if you managed to find a bank that lasted that long, or a currency that lasted that long. Look at the history of both banks and currencies and you’ll see that the miracle compound interest is not easy to uphold.

    • notabot@piefed.social
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      26 days ago

      Those are, indeed, issues, but they could be addressed with careful management. See my reply to a sibling comment, but basically, investing a couple of hours of wages back then, and carefully moving it from investment to investment over the millenia would do the trick.