Comment on Government bonds anyone?
PhlubbaDubba@lemm.ee 8 months agoSee facts like this make me wonder if a Norway style sovereign wealth fund could be developed to close the gaps in people’s quality of life and what they’ve put into working.
Comment on Government bonds anyone?
PhlubbaDubba@lemm.ee 8 months agoSee facts like this make me wonder if a Norway style sovereign wealth fund could be developed to close the gaps in people’s quality of life and what they’ve put into working.
General_Effort@lemmy.world 7 months ago
The US is a net importer, though. It wouldn’t make sense.
PhlubbaDubba@lemm.ee 7 months ago
I think that has more to do with the economics than the availablity in most cases
General_Effort@lemmy.world 7 months ago
Being a net importer, means the US consumes more than it produces. It vaguely makes sense because it is still a growing county.
Norway’s oil fund protects the domestic economy from the negative consequences of being an oil exporting nation. Less kindly, you could call it currency manipulation. The US would be ill-advised to do like-wise, given its import surplus.