Tuesday, November 25, 2008

Inflation with Three More Zeroes

Yesterday, a retired banker and I were having a conversation about the bailout of Chase on the heals of the big bailout. He said, "A billion here and a billion there..."

He was making an allusion to the old saying, "A million here and a million there and after a while it adds up to real money." When did this get multiplied by a thousand?

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