“That’s how the Overton Window works. Because “$100 trillion plus” somehow feels quite a bit less than $150 trillion. And once you say $150 trillion a few times, it honestly doesn’t seem so big. After all, when you think about it, that cost is spread out over three decades, which leaves it just $5 trillion per year. And that number used to feel utterly out of reach until 2009 when the Global Financial Crisis sparked the first $3 trillion US federal government budget.”
Hedge Fund CIO: “Once You Say $150 Trillion A Few Times, It Honestly Doesn’t Seem So Big” | ZeroHedge
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Published by markskidmore
Mark Skidmore is Professor of Economics at Michigan State University where he holds the Morris Chair in State and Local Government Finance and Policy. His research focuses on topics in public finance, regional economics, and the economics of natural disasters. Mark created the Lighthouse Economics website and blog to share economic research and information relevant for navigating tumultuous times.
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