🔬 Science 1d ago · Ethan Siegel

A fake Einstein quote actually explains the affordability crisis

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A fake Einstein quote actually explains the affordability crisis
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One of the most famous quotes commonly attributed to Einstein was something that he himself never actually said: “Compound interest is the eighth wonder of the world. He who understands it, earns it; he who doesn’t, pays it.” While the quote is not from Einstein at all, the math behind the concept of compound interest is incredibly profound, playing a role in any system — physical, mathematical, or financial — that accumulates based on how much of a base amount is present. When the base amount i

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