Comments by "Mosern1977" (@Mosern1977) on "Economics Help" channel.

  1. I liked your example of how telling half a story and cherry picking data-points you can spin any narrative you like.
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  2. Please UK, make more unreliable energy. Because we in Norway are very happy to help you out to sell you electricity and gas when the wind stops blowing, and to buy your free surplus energy to pump water up into our reservoirs when there is too much wind. Only problem is what properties we should buy in London for all the money we earn of these UK policies.
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  3. Watching this from Norway, it seems things aren't going the right direction for UK. Remembering back 20-30 years, and I think UK was held in higher regards back then, than it is today.
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  4. Well... As a Norwegian, I don't particularly want to come to the UK. So I guess it depends on where you get your immigrants from.
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  5. Oh, and Sovjet style free speech.
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  6. Very interesting videos. Just a slight improvement suggestion - the charts and graphs can be shown a bit longer, while you talk in the background.
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  7. Oil income is now secondary to returns on investments from foreign stocks. The fund is growing exponentially every year, it is snow-balling out of control. Not sure what human rights violations, civil rights and democracy issues you think of. Norway is on the top of all those statistics.
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  8.  @NATIK001  - interestingly enough, Norway has the opposite problem. The Norwegian government has too much money. And every year it gets richer. No structural improvements are done, and every year things are just more and more inefficient and more and more money is used to keep everything chugging along. People's lives are not really improved, even though if we run a tighter ship, like Denmark, we could have skipped having income tax for example. I'd take no income tax and the Danish welfare system any day, compared to what we have.
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  9. One of the reasons is that it is comparably easy to live as illegal immigrant in UK. In Norway, everything is centralized digitally, and the government knows everything about everybody. If you are not in the system, you can bascially not do anything. It is practically impossible to live outside the controlled society, and then the winter comes and kills you.
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  10. I'm sure the people of Norway is glad to hear Denmark is safe from UK invasion due to skin color.
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  11. Yes, this a topic for debate in Norway. The current "left-wing" government is really unpopular, and next years election will probably be a land-slide victory for the "right wing" (in Norwegian context) parties. It is very likely that the taxes causing those billionairs to move will be removed then. (And in the longer term I look forward to Norway becomming a tax haven, but that's a few decades out).
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  12. Was easy when UK was in EU. Take a Ryan Air flight to Oslo for 10 GBP, and start living. A lot harder now.
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  13. The Norwegian governement is allowed to take out up to 3% of the fund's value every year, to prop up the government budget. Due to the war in Ukraine, and good times in the stock market, and weaking NOK, the fund is now so large that using 3% of it is way too much for the Norwegian economy. (Those 3% is around 20% of the entire state budget). The real return on the investments are way higher than 3%, and today Norway doesn't even need to use 3%. And every year as other countries buy oil and gas, more money is poured into the fund in addition to the unused returns. So due to compound interest and very long term investment horizons, the fund will continue to grow for the foreseable future, getting bigger and bigger - faster and faster. (Compound interest is a very powerful force). The main challenge for Norway going forward now is actually how to funnel all that wealth into the society, without collapsing the norwegian way of life. Its yet another potential Dutch Disease candidate, instead of oil, it is now oil-fund dividents. But needless to say, the future looks pretty bright from Norway's perspective. A bit more global warming would be welcommed, as the winters are still cold. Who knows, maybe that will sort itself out as well.
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  14. Well, that's the cost of unions I guess.
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  15. Norway's ethnic population is about 4 million. Current size is 5.5 million. So that's a good 30+% of the population being immigrants or children of those. Does GB have 20 million immigrants?
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