alt Hacker NewsScandinavia is using oil and gas reserves as a captive tax base. It doesn't really generalize to markets where capital is mobile.
Replies
lern_too_spel • 04/03/2025
That's just Norway.
Scandinavia is using oil and gas reserves as a captive tax base. It doesn't really generalize to markets where capital is mobile.
That's just Norway.
That is only Norway. Maybe a little bit of Denmark, but Denmark is not considered an oil economy.
And I don't know what you mean with "captive tax base" but Norway just piles up the wealth they are too afraid to use it since it will increase the inflation.