Nice economic theory - it really does make sense. Except for the part where you assume that the time value of money is important b/c they can invest it and so on (you know...the whole compounding interest stuff). Instead of refuting that - I'll ask a simple question:
Ever seen pictures of Dubai lately? (Does a ski rink in the middle of a flat desert look like an investment? I think saving some of their oil might actually help them).
Slashdot Mirror
Nice economic theory - it really does make sense. Except for the part where you assume that the time value of money is important b/c they can invest it and so on (you know...the whole compounding interest stuff). Instead of refuting that - I'll ask a simple question:
Ever seen pictures of Dubai lately? (Does a ski rink in the middle of a flat desert look like an investment? I think saving some of their oil might actually help them).