The Trap of Compound Interest: Many view compounding as beneficial because interest earned is reinvested to increase profit. However, for those who are in debt, compound interest can increase the burden, leading to even greater losses. This effect disproportionately harms poor people, who often pay higher costs and face greater opportunity costs than the wealthy. While compounding enhances gains for those profiting, it intensifies harm for those losing money. This structure benefits the powerful, as the rules are designed by those in power. As a result, the desire for power can drive people toward questionable actions. - Joseph’s “just my thoughts”
According to a cognitive psychologist’s study, creativity is closely related to goal setting. Even though it seems less likely than it does for someone who simply sets a viable goal, a person who sets an unusual goal is more likely to have the ability to connect unrelated elements. In terms of creativity, “dreaming” is more important than planning. One of the things artificial intelligence can’t do on behalf of humans is engage in this act of dreaming. - Joseph’s “just my thoughts”