Big Numbers Revisited: Millions, Billions, and Trillions
Rob’s comments below are in italics.Derek’s comments below are in normal font.
We're discussing big numbers today, a topic we've explored before in how billions and trillions are used in public discourse. We're going to talk about that today in the context of US debt. So what do people need to know about this?
Right, so I'll just give a bit of a recap. When we talked about an idea of how to get a handle on millions and billions in the past, I said that there are various ways we can envisage these things, but a very useful one is to say that if you take somebody who's earning £25,000 a year…
The skinny
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