The law of accelerating returns is about how new inventions, technologies, and ideas can increase over time. It basically means that as more new inventions and technologies are created, more new inventions and technologies can come about even faster. For example, as computers became more powerful and faster, it allowed for more complicated programs to be created that could do things even faster. This allowed for more inventions and advancements to be made, which in turn allowed for even more inventions and advancements to take place quickly. As this process keeps happening, the rate of progress and invention increases exponentially.