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Contact« Comparing 2008 to 1997/98 Asian Financial Crises | Main | A Critique of the Paulson Plan »
September 24, 2008
$700,000,000,000
Maybe to better understand the magnitude of figures, we should endeavor to write them out, rather than using shorthand words. To my eye, $700,000,000,000 might seem a bit more daunting than $700 billion. That's 7 followed by 11 zeros.
Posted by Anupam Chander on September 24, 2008 at 09:50 AM in International Finance | Permalink
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So what does $700,000,000,000 look like
Just had a thought about trying to get my head around the huge sums of cash the US want to spend to bailout the economy and so over my morning coffee armed with a BIGBOY calculator I came up with this. If you placed a $1 note end to end, Each Dollar bill measuring 6.4 inches long it would take 9900 of those dollars for every mile. If you then placed 700,000,000,000, dollars end to end it would span a distance of 70,707, 070.7 miles long that's over SEVENTY MILLION SEVEN HUNDRED thousand miles. That's a money line that could rap around the world 2996 times or if you had travelled into space on Aug. 27 2007, Mars was 34.65 million miles away so the line of dollar bills could have reached Mars and back.
Now that's big cash..
Posted by: mark daynes | Oct 7, 2008 8:35:51 AM
So what does $700,000,000,000 look like
Just had a thought about trying to get my head around the huge sums of cash the US want to spend to bailout the economy and so over my morning coffee armed with a BIGBOY calculator I came up with this. If you placed a $1 note end to end, Each Dollar bill measuring 6.4 inches long it would take 9900 of those dollars for every mile. If you then placed 700,000,000,000, dollars end to end it would span a distance of 70,707, 070.7 miles long that's over SEVENTY MILLION SEVEN HUNDRED thousand miles. That's a money line that could rap around the world 2996 times or if you had travelled into space on Aug. 27 2007, Mars was 34.65 million miles away so the line of dollar bills could have reached Mars and back.
Now that's big cash..
Posted by: mark daynes | Oct 7, 2008 8:36:23 AM
billion with a B
Posted by: Larry Summers | Dec 10, 2008 8:27:16 PM
