Peter Singer Quotes

Suppose That We Believe That In 200 Years, People Would Be Prepared To Pay A Million Dollars (that's In Today's Dollars, Not Inflated Ones) To Be Able To Have An Unspoilt Valley. Now Imagine That Today We Can Profit By Cutting Down The Forest In The Valley, Which Will Never Regrow. If We Apply An Annual Discount Rate Of 5 Percent, Compounded Exponentially, How Big Would That Profit Have To Be To Justify The Loss Of A Million Dollars In 2210? The Answer, Surprisingly, Is Just Sixty Dollars! That's All That A Million Dollars In 200 Years Is Worth, At That Rate Of Discount. Obviously, Then, If We Use A 5 Percent Discount Rate, Values Gained One Thousand Years In The Future Scarcely Count At All. This Is Not Because Of Any Uncertainty About Whether There Will Be Human Beings Or Other Sentient Creatures Inhabiting This Planet At That Time, But Merely Because Of The Compounding Effect Of The Rate Of Return On Money Invested Now.

Related Authors

• Buck McKeon
• Joe Pitts
• John Ashcroft
• Joy Preble
• Max Von Essen
• O.G. Gough
• Paul Miles
• Scott Everhart
• Stephanie Davis
• Thomas J. Montemarano
• Walt Cody
• William C. Cockerham

Related Topics

• Quotes About Not Being Able To Be Mad At Someone

  We criticize Americans for not being able either to analyse or conceptualize. But this is a wrong-headed critique. It is we who imagine that everything culminates in transcendence, and that — Jean Baudrillard

• Quotes About Giving Up On A Family Member

  There are two keys to productive missionary work (1) family-to-family friendshipping (when a member family shares the gospel with a nonmember family) and (2) cooperation between members and the missionaries — Spencer W. Kimball

• Quotes About Chiropractic

  Chiropractic is founded upon different principles than those of medicine. — Daniel D. Palmer

• Nobody Loves Me Movie Quotes

  There's nobody who loves being around actors working more than David Mamet, especially actors bringing his tremendous dialogue to life. I've never seen a movie director who was happier to — Clark Gregg

• The Vampire Academy Quotes

  I'd realized then just how strong our connection was, how perfectly we understood each other. I'd been skeptical about people being soul mates in the past, but at that moment, — Richelle Mead