Wednesday, August 6, 2008

Run a jukebox since the time of the dinosaurs

For the price of the Iraq War, we could have run a jukebox from the time of the dinosaurs to the present.

The last dinosaurs existed 65 million years ago. There are 365 x 24 x 60 minutes=525,600 minutes in a year, which means it's been 34 trillion minutes since they existed. If the jukebox charges a dollar for three songs (as seems to be the average in Chicago), and our songs average four minutes in length, we get twelve minutes of music per dollar. At that rate, playing music from the time of the dinosaurs until the present costs $2.83 trillion, which is less than Joseph Stiglitz and Linda Bilmes' estimate of over $3 trillion for the cost of the Iraq War.

Tuesday, August 5, 2008

Cover New Hampshire and Vermont in gold leaf



For the price of the Iraq War, we could've covered the land area of Vermont and New Hampshire in gold leaf.

1 square meter of gold leaf can be generated by 2 grams of gold. At current prices, gold is worth $884 per troy ounce (31.1 grams). So it costs $56.85 for a square meter of gilding. New Hampshire is 24,239 square kilometers, while Vermont is 24,932 square kilometers, for a total area of 49,171 square kilometers or 49,171,000,000 square meters. Gilding the entire land area of these states comes to $2.80 trillion, which is less than Joseph Stiglitz and Linda Bilmes' estimate of over $3 trillion for the cost of the Iraq War.

Monday, August 4, 2008

A Toyota Prius for every American household


For the price of the Iraq War, we could've bought a brand-new Toyota Prius for every household in America.

According to the Census Bureau's projections for 2008, there are around 112 million households in America. (This includes family and non-family households.) MSRP for a fully loaded 2008 Toyota Prius is $23,770. Buying each household a fully loaded Prius would cost $2.66 trillion, which is less than Joseph Stiglitz and Linda Bilmes' estimate of over $3 trillion for the cost of the Iraq War.