The following comes from an excellent new paper from the Fed. The paper describes the myth of the money multiplier and is an absolute must read for anyone who is trying to fully understand the ...
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The Money Guy’s Wealth Multiplier Is a Stark Reminder To Start Investing as Early as PossibleCompound interest can be a true double-edged sword ... Whether you choose to use the Wealth Multiplier from the Money Guy or do the math yourself, the goal is to understand how compound interest ...
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