2min chapter

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313. Debt Free Government and Fundamental Values | John Anderson

The Jordan B. Peterson Podcast

CHAPTER

The Future Fund

Australia went into the great financial crisis with no debt, money in the bank at a federal government level. It began in 1996 and the Future Fund with surpluses and sales from revenue sales would then put aside as a wealth fund if you like for the future. The idea was to smooth out the variability in business cycle. That's part of it. Well, I think probably a lot of it was born with the idea of Canadian economy that in flat times governments spend more money to help. Right.

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