No. The direct cost at $10 billion a year might be $1T over 100 years. The opportunity cost, which is what I was talking about, is not $1T.
If you want to factor in opportunity cost you have to think of it like compound interest. $10 billion invested today could have a $1T payoff on its own over 100 years.
Inflation alone would make $10 billion in 1920 worth $128 billion today. And inflation doesn't account for any efficiency increases you can gain over time if you had invested the money otherwise.
If you want to factor in opportunity cost you have to think of it like compound interest. $10 billion invested today could have a $1T payoff on its own over 100 years.
Inflation alone would make $10 billion in 1920 worth $128 billion today. And inflation doesn't account for any efficiency increases you can gain over time if you had invested the money otherwise.