Thursday, February 17, 2011

Metaphor of the Day

From the excellent new song 'Bloodbuzz Ohio', by The National.

To describe the process of compounding interest leading to a spiraling debt:

'I still owe money, to the money, to the money I owe.'

I imagine that very few finance types would think to characterise it in this way, but it's far more evocative than, say, 'my interest expense keeps compounding higher and higher'. It often takes someone from outside the field to express an idea in language that resonates with the common man.

As I said a while back now, I think that the best description of opportunity cost is by Bob Dylan.

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