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Submitted by Ben on
This sounds like some classic resource curse stuff. In this situation it is important to try to take some cash out of the economy, perhaps through a sovereign wealth fund which preferably concentrates its investments outside the commodities markets to diversify risk. This should the CPI a little and make it easier for the government to justify lower budgets. Demagoguery is the enemy though so appealing to politicians desire for long-term survival will be the best course of advocacy