| It’s a seductive fantasy. And since I rarely have one of those when I’m churning out a business column, I’d like a private moment to enjoy it, please. There, that’s very nice. Thank you. Thank you so much. The fantasy? Instead of drowning in deficits, Alberta could be rich. Just like Norway. If that’s not alluring to you, I don’t know what is.
By comparison, the Alberta Heritage Savings Trust Fund is worth just over $17 billion. If you do the math, that makes Norway’s fund about 60 times bigger than Alberta’s rainy-day fund. The implied lesson: Norway has wisely saved its energy riches for the benefit of current and future generations, while Alberta has stupidly squandered its treasure trove, through mismanagement and reckless overspending...............................................Full Article: Source
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