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The secret ingredient is caring about the people. (feddit.ch)
submitted 3 years ago by to c/memes@lemmy.ml
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[–] 2 points 3 years ago (1 child)

I'm sure this is a stupid simple take, but could a nation like Norway avoid this (at least for a while) by selling oil in other currencies and maintaining their investments in other currencies?

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  • [–] 3 points 3 years ago*

    What currency the selling is done in probably doesn't matter but yes Norway maintains one of the largest sovereign wealth funds.

    The issue is in undemocratic countries there's usually a preverse incentive to not educate people to maintain control of the country. Non resource rich countries have to educate their population to improve productive output.

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