i'm learning about the most unpleasant topic ever for a class i have to take. it makes my head spin and i distrust my textbook, so i was wondering if a well-read comrade had the time to give me the real shit, from a leftist perspective, but somewhat simplified:
what exactly is continuously compounding interest? it's like, a really ancient practice, right?
SIN ! TYRANNY ! OLIGARCHY ! EVIL ! SLAVERY! RIBA ! USURY !
it is the root of Passiv income in therby the root of Evil.. Interest accumulates in the Superstructure Sphhere , its a Mathmatical Process that increase the Debt and theirby enslave the Debtors and empower the Financial Class.
Here Micheal Hudson
Here Islamic Banking