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September 20, 2011 05:43 pm PDT
Original Link: http://feeds.boingboing.net/~r/boingboing/iBag/~3/uT-Qpzwrroc/methusalah-trusts-and-the-magic-of-compound-interest.html
Methusalah trusts and the magic of compound interest
"Methusalah trusts" are (very) longterm trusts that accumulate so much compound interest over hundreds of years that by the time they mature, they could potentially pose a real threat to the economy. That's why they're illegal. From Lapham's Quarterly: Hartwick … Continue reading
Original Link: http://feeds.boingboing.net/~r/boingboing/iBag/~3/uT-Qpzwrroc/methusalah-trusts-and-the-magic-of-compound-interest.html
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