Defeating Nazis, Stopping Holocaust, Cost Less Than Wall Street Bailout
Some astonishing figures in an item by Barry Ritholz (via Andrew Sullivan):
The cost to the United States of helping defeat Adolf Hitler, liberate Europe from fascist rule and halt the holocaust came to roughly $3.6 trillion, adjusted for inflation. The cost of the bailout, to date, comes to about $4.6 trillion. World War II was a steal — and with the $1 trillion difference there’s still enough left over to cover the past costs of the Marshall Plan and the The New Deal.
Read entire article at Harper's
The cost to the United States of helping defeat Adolf Hitler, liberate Europe from fascist rule and halt the holocaust came to roughly $3.6 trillion, adjusted for inflation. The cost of the bailout, to date, comes to about $4.6 trillion. World War II was a steal — and with the $1 trillion difference there’s still enough left over to cover the past costs of the Marshall Plan and the The New Deal.