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estearumtoday at 12:08 PM2 repliesview on HN

Someone who is "rich" in a consumable asset and therefore chooses to just consume that instead of investing in a renewable or compounding asset is colloquially known as "a dumbass."


Replies

navanetoday at 12:28 PM

And it's called "dutch disease".

We did it with gas. Now look at Norway. We could've been like Norway.

epolanskitoday at 1:05 PM

But US seems to be doing a bit of everything no?

But of course it doesn't have the same incentives of China.