Bernie Madoff in Des Moines dollars

By his own admission Bernie Madoff engaged in criminal acts using $65 billion of other people’s money. He lost it.

How much is $65 billion in Des Moines dollars?

The median annual household income in Polk County is under $55,000.

If the average Polk County family worked 1 million years, they would still be $10 billion short.

You say you don’t have a million years? Enlist your friends. There are about 150,000 households. If every man, woman, and child in Polk County pooled their income for about 8 years, we could match the $65 billion. 

That’s one perspective on the crime: Bernie Madoff took the equivalent of 8 years of labor of every man, woman, child in Polk County, Iowa.

I wonder where his thinking went wrong. 

photo by flickr by Steve Rhodes of a painting by Yan Pei Ming

James is James G. Lindberg (Jim) is the Purple Wren’s sweetie and is a visiting chemistry professor at Grinnell College and retired from Drake University.
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