Joel-Oskar

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To be successful over the long run, a country must earn an amount that is at least equal to what it spends. Those that earn and spend modestly and have a surplus are more sustainably successful than those that earn and spend a lot more and have deficits. History shows that when an individual, organization, country, or empire spends more than what it earns, misery and turbulence are ahead.
Principles for Dealing with the Changing World Order: Why Nations Succeed or Fail
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