Millions of Billions

There are things we won't recall

And feelings we'll never find

It's taken so long to see it

'Cause we never seemed to have the time

--Phil Collins

Nice perspective on just how large one billion is.

Of course, our fiscal and monetary frame of reference is way past that. We now gauge federal debt and spending in the tens of thousands of billions (read: trillion$). When entitlements (social security, medicare, medicaid) are folded in, future obligations amount hundreds of thousands of billions.

What happens when inflation fires higher?

Next stop, millions of billions (read: quadrillion$).