Large numbers
posted by Kaimipono D. Wenger
Via Boing Boing, this helpful primer. How does one conceptualize what $4.6 trillion (the current aggregate bailout cost) looks like?
It is more than the inflation-adjusted* costs of the Marshall Plan, Louisiana Purchase, moonshot, S&L bailout, Korean War, New Deal, Iraq war, Vietnam war, and NASA’s lifetime budget . . . combined!
That’s a pretty hefty chunk of change.
*The inflation adjustment uses the CPI. Yes, there are problems with applying the CPI to something like the Louisiana Purchase. Still, that’s a ton of money.
November 25, 2008 at 1:25 pm
Posted in: Current Events
Print This Post
Responses (2)
Kaimi - November 25, 2008 at 1:50 pm
CNBC’s breakdown of what the over $4 trillion has been spent on so far:
http://www.cnbc.com/id/27719011
Jay Levitt - November 25, 2008 at 4:20 pm
Or, as Stephen Colbert put it: $4.6 trillion dollars is nearly 1 euro.
Leave a Reply