Putting Things in Perspective
$700 billion could build 437.5 new Yankee Stadiums. I’m not sure which is more absurd: that $700 billion buys so many stadiums or that it buys so few.
Addendum: Alternatively, it could build 11,864.4 Gwinnett Braves stadiums (at $59 million a pop). Expect this number to fall in the coming months.
J.C. Bradbury is an economist and associate professor at Kennesaw State University in metropolitan Atlanta. He is the author of The Baseball Economist and has operated Sabernomics.com since March 2004.
September 28th, 2008 at 11:52 am
How many birthday cakes can it buy?
Have a good one.
September 28th, 2008 at 9:13 pm
JC, I’m assuming you’re more of an Austrian guy buy this post.
For anyone interested, there’s lots of good reading here:
http://mises.org/story/3128
September 29th, 2008 at 5:46 am
I don’t buy Austrian Business Cycle theory.
September 29th, 2008 at 8:48 am
I’m curious about how many of those $2500 seats they will sell now. From what I’ve heard you have to buy 4 for per game in a season ticket package. Color me funny, but $810,00 is a little much to see a game in the new Toilet. I have a feeling that that would be an entertainment expense that might be looked at a little funny in today’s economic climate. It is nice that they have fewer seats that people can actually afford for the fans that they appreciate so much.