Main Profile

At A Glance

Crash Course: Ch. 10 - Inflation (Pt. 2) & Chapter 11 - How Much is a Trillion? by Chris Martenson

Chapter 10 (Inflation - Part 2 of 2): Dr. Martenson establishes inflation as a monetary phenomenon, defined as the decrease of the value of money, caused by too much money around in relation to goods and services. From 1665 to 1776, 111 years, there was absolutely no inflation. From 1665 to 1905, 240 years, the cost of living stayed roughly the same, aside from brief jumps during wars. Unfortunately for us, there was no settling in terms of inflation after World War I or World War II. The military apparatus was not dismantled, and inflation has accelerated to astonishingly high levels. Chapter 11 (How Much Is A Trillion?): Recently, we have gotten used to hearing the word "trillion." From trillions of dollars of government debt to trillion dollar bailout packages, we are spending enormous sums of money. However, most of us dont realize how much a trillion actually is. Dr. Martenson explains how much a trillion is using a few examples, such as a 67.9 mile high stack of $1,000 bills. As he concludes: "Make no mistake, a trillion is a very, very big number and we should not be lulled into complacency simply because it is too big to really get our minds around. That should drive us to action instead." http://www.chrismartenson.com
Length: 06:09

Contact

Questions about Crash Course: Ch. 10 - Inflation (Pt. 2) & Chapter 11 - How Much is a Trillion? by Chris Martenson

Want more info about Crash Course: Ch. 10 - Inflation (Pt. 2) & Chapter 11 - How Much is a Trillion? by Chris Martenson? Get free advice from education experts and Noodle community members.

  • Answer

Ask a New Question