Large numbers

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.

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2 Responses

  1. Kaimi says:

    CNBC’s breakdown of what the over $4 trillion has been spent on so far:

  2. Jay Levitt says:

    Or, as Stephen Colbert put it: $4.6 trillion dollars is nearly 1 euro.