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Doing a quick lookup over the budget of Norway, it seems like they invest directly about 4 billion USD each year (this is for year 2007, but it can't be be wild
by flavius29663 5y ago
Doing a quick lookup over the budget of Norway, it seems like they invest directly about 4 billion USD each year (this is for year 2007, but it can't be be wildly different today). Compare that to the government letting the pension fund invest 1400 billions on the open market. https://en.wikipedia.org/wiki/Government_Pension_Fund_of_Norway https://en.wikipedia.org/wiki/Government_Pension_Fund_of_Nor...
I would say even the government of Norway recognized that the free economy will do better with the money that they can (and how right they were!)
- nouveaux 5y agoI don't get it. Can you explain to me what the ROI would be if the pension fund invested their money into public infrastructure?
- flavius29663 5y agoNot sure how to calculate ROI on infrastructure. There is a limited amount of infrastructure a country needs, once that is built the government can decide to keep pumping money into the economy (say state operated oil machinery factories, armament factories, furniture factories etc.) or they can do what the Norway government did and just dump the money in the stock market, letting the market decide what works and what doesn't.
- nouveaux 5y agoSo you're saying that we should take all the money the government spends and put it in stocks? What about infrastructure and public works? Schools? Research?