The real impact of growing budget deficits - Ruchir Sharma
Norges Bank Investment Management
@norgesbankinvestmentmanagementAbout
Norges Bank Investment Management manages the Norwegian Government Pension Fund Global, often referred to as the Oljefondet, NBIM or Statens Pensjonsfond Utland (SPU). The aim of the fund is to ensure responsible and long-term management of revenue from Norway’s oil and gas resources so that this wealth benefits both current and future generations of Norway. Our objective as manager of the fund is to generate the highest possible return on the fund. We aim to achieve this in a safe, efficient, responsible and transparent manner, and within government guidelines. We have offices in Oslo, London, New York and Singapore. Our global presence brings us closer to the markets we invest in and ensures stronger links with partners in different parts of the world.
Video Description
When do massive budget deficits become a breaking point? Nicolai Tangen sits down with renowned economist Ruchir Sharma to discuss how unprecedented government spending and the "bailout culture" are undermining capitalism. Drawing from his new book, Sharma explains why running 6-7% budget deficits during full employment is unsustainable and offers practical solutions to put capitalism back on track.
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