Something Feels Different About the Economy

Numbers are too big now. Just before Halloween, Nvidia made headlines for becoming the first $5 trillion company in history. A week later, Tesla’s shareholders approved a pay package for Elon Musk that could be worth about $1 trillion in a decade. At a certain point, figures this large become uncomfortably meaningless. A million dollars is a lot of money. A billion dollars is a heck of a lot—so much that if you had it, you’d be a billionaire. Now try to imagine how rich you would be if you were pulling in $8 billion every month for the next 10 years, as Musk is effectively about to do. It’s impossible. “The numbers are so big, they are hard to comprehend,” Jeff Sommer recently wrote in The New York Times. And he’s the paper’s finance columnist.