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"Norway is the third option. Norway ploughs the money into a sovereign wealth fund" The older I get the more impressed I become with how this was, and is, han
by gizzlon 15y ago
"Norway is the third option. Norway ploughs the money into a sovereign wealth fund"
The older I get the more impressed I become with how this was, and is, handled. Especially when you see how it could have tourned out ..
- justincormack 15y agoAnd almost did. Until the late 1980s/early 1990s they just squandered the money like the UK did, running large deficits. But they turned things around then.
- sliverstorm 15y agoCan we hire their government to come over here and steer for a little bit?
- cynest 15y agoAs soon as we find comparable oil wealth.
- arethuza 15y agoThe UK had plenty of income from the North Sea - the difference being we squandered it and the Norwegians treated it as a long term investment: http://www.telegraph.co.uk/finance/comment/edmundconway/6505670/North-Sea-oil-is-dragging-us-into-the-red.html http://www.telegraph.co.uk/finance/comment/edmundconway/6505...