The latest trillion-dollar government proposal comes to us from the London G-20 summit: $1.1 trillion for the IMF and World Bank.
The human mind is not capable of comprehending numbers that large. Anything past the low hundreds, our brains simply categorize as “large.” This neat illustration can help.
Keep that picture in your head. One for the trillion-dollar stimulus. Another one for the new trillion-dollar banking bailout. One more for the federal budget deficit. And now yet another to cover the donations to the Bretton Woods institutions.
Inertia Wins! 