No. The "simple interest" method of calculation does not compound interest. It takes the annual interest rate and divides it by 365 to get the daily rate. The daily rate is then multiplied by the...
high there...special interest=private interest...and if there is any public good arrising from a special interest it is accidental and arbitrary...and alas often absent...especially in big...
As noted author and philosopher Ayn Rand pointed out, they compete with one another to seize control of the mechanism of law (government) so as to benefit themselves at the expense of other groups...