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The main risk of having significant reserves of something valuable is to become complacent and to let your whole economy rely on that alone.
by cm2187 6y ago
The main risk of having significant reserves of something valuable is to become complacent and to let your whole economy rely on that alone.
- tonyedgecombe 6y agoDutch disease[1]. It's not just complacency, dominant industries can suck up all the talent and strengthen currencies making life difficult for everyone else. [1] https://en.wikipedia.org/wiki/Dutch_disease https://en.wikipedia.org/wiki/Dutch_disease