Monday, February 09, 2009

The billion is the new million

A recent post of mine over on the Blog at Mises.org:










The billion is the new million

Jim Fedako

Not too long ago, a billion dollars was a big deal -- something to stop and consider. Now the billion's site value has been reduced by three zeroes. Today's Columbus Dispatch has this headline: State revenue falls further than expected, Ohio has $85 billion gap so far this fiscal year. Of course, the budget gap is really $85 million, but editors are so used to seeing billions when discussing budgets that this slip passed their pens. Amazing how the word billion has been deflated in such a short time.

No comments: