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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

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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.

I love how he says “double“ as though he’s being really big here, and as though a dollar amount remains equivalent from year to year (and of course, as you point out, as though interest is not a thing)

His patients: "can I pay in installments?" "Fuck you, pay me" Bakery: "please pay this" "Fuck you, make me"