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0 pointsalphager3y ago0 comments

This would be a valid reason when compared to a third world country, but not to the country with the seventh highest GDP per capita (Norway is fifth).

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3 comments · 1 top-level

marginalia_nu3y ago· 2 in thread

GDP/capita isn't really everything. Norway's got an enormous sovereign wealth fund with decades of oil money.

robmccoll3y ago

Someone should tell that to our government. Meanwhile we've (USA) been taking spending shortcuts and borrowing against our future to enable GDP growth over the same time period with no return in sight.

ethbr03y ago

The USD is a world trade and reserve currency. If you don't run deficits, the monetary supply part of that system gets a bit wonky.

The Norwegian krone is used more than other currencies (oil), but isn't nearly the same.

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