Post

Roger Marshall charged his patients 18% annual interest on their unpaid bills. His bakery bill for $678.75 was due six years ago. At 18% interest compounded annually, the total he'd owe would be at least $1,800. Marshall just paid the bakery $1,300—far less than what his patients would owe.

Josh Marshall@joshtpm.bsky.social

when your campaign is going awesomely

I should add that, thanks to inflation, $678.75 in 2020 would be $873.55 today. So Marshall is only paying double in nominal terms, not in real dollars.

13 reposts163 likes