Comparing a pension fund, which is designed to pay out over, well, indefinitely, to an annual budget, makes no sense. One is a rate. One is a total. It's like saying you can fly 400 mph but the earth is only 90 mega-miles from the sun and since 90 is less than 400 the sun is not that far.
Numerology doesn't work in economics.
The fact is that Norway has this luxury solely through massive per capita oil wealth. The US cannot come close to this.
Numerology doesn't work in economics.
The fact is that Norway has this luxury solely through massive per capita oil wealth. The US cannot come close to this.