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What did Albert Einstein once say was the "strongest force in the universe"?
Question
#47226. Asked by peasypod.
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MaggieG 5
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Compound interest
In this Baltimore Times column, the Cato Institute's Ed Crane talks about privatization's benefits for poor people, especially African-Americans.
"Which is where Social Security privatization comes in. If allowed to invest their payroll taxes in real assets, a couple earning the minimum wage their entire working lives would accumulate assets in their accounts totaling more than $250,000 in current dollars. And that is using interest assumptions well below the historic rate of return on equities. It was Albert Einstein who said that compound interest is the strongest force in the universe. He wasn't kidding."
http://www.theinternetparty.org/freedom/f_s2.php?section_type=fre&td=20021018000116
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