Ivo Welch: No one can grasp trillions. Here’s how to make sense of federal spending and debt

Grasping the sheer scale of federal spending and national debt, figures that routinely stretch into the trillions, presents a formidable cognitive challenge for the average individual. As economist Ivo Welch astutely points out, the human mind is inherently ill-equipped to intuitively comprehend such astronomical sums, leading to a significant disconnect […]