[dools]

Norway issue their own currency, so 100% of their budget comes from money they spend into existence.

Oil has an impact on their ability to import, and on their ability to meet their own energy requirements.

[abfan1127]

that's not exactly correct given the inflationary nature of printing to "spend into existence." History is filled with crumbled societies printing their own money as mention.

[dools]

All spending creates new money and all taxation destroys it (at the federal level). Where else does money come from if not the government?

[abfan1127]

that's a big question, however at a first order, its arguable that no "new" money is necessary. Wealth (not money) is created out of human effort, i.e. labor.

[tordrt]

What do you mean by spend into existence? If they collect much more money in taxes and investments than they spend (which they ary), are they then really spending anything into existence?

[dools]

Do you know of any entity other than the Norwegian government who issues NKR?