Wednesday, October 8, 2008

clarification: "Household-ize" everything

A post below advocated montezing everything.
This wasn't quite right.
$700,000,000,000 is monetized already.

The advice should have been: "household-ize" everything:
Express all U.S. budget figures in terms of median income households (median household income is about $50,000/year).
$700,000,000,000 equates to 14,000,000 households.
This seems a decent metric to help us ordinary folks understand exactly what's involved in a $700,000,000,000 rescue plan.

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