diff --git a/src/circles/Demurrage.sol b/src/circles/Demurrage.sol
index 92ed82f..2f26c5e 100644
--- a/src/circles/Demurrage.sol
+++ b/src/circles/Demurrage.sol
@@ -256,9 +256,10 @@ contract Demurrage is ICirclesDemurrageErrors {
                 R[_dayDifference] = demurrageFactor;
             }
             return demurrageFactor;
-        } else {
-            return Math64x64.pow(GAMMA_64x64, _dayDifference);
         }
+        // if the day difference is for older than 14 days, calculate the value
+        // and do not cache it
+        return Math64x64.pow(GAMMA_64x64, _dayDifference);
     }
 
     /**