Humans have no way to relate to the number one trillion. Yet, we hear the number an increasing amount of times, especially as it impacts the US economy. One way to illustrate the enormity of one trillion is to think of it as it relates to time. One million seconds is about 11.5 days. One billion seconds is 32 years, and one trillion seconds is 32,000 years. Starting to get the picture?
James Hamilton identified the following information to make the number more real as it relates to finance:
“A trillion dollars is about the total amount collected in income …Read More