The New Milenium Research Council today released a study on the benefits of broadband, which finds almost $1 trillion in benefits related to elderly and disabled Americans alone. Its a pretty good study, authored by Brooking’s Robert Litan. Overall, a good contribution to the debate, underscoring the importance of this technology. Of course, the number is just an estimate (as Litan himself says), since so many of the benefits of quick and easy Internet access just aren’t quantifiable. For instance, how do you value the innovations that haven’t yet been innovated? The analysis in the paper gives a pretty good sense of this unpredictablity. The report is worth reading and is sure to come up often in broadband policy debates.