The more debt you have as a country, the more likely you are to default on it and not pay your issuer back.
For fixed income ETFs this means credit quality.
But if we could make a country rich? That would mean they would pay back most of their debt and their credit quality would be high.
This would leave the fixed income industry a more stable place to invest your money.
The School of Life helps us understand how to make a country as rich as posisble: an ideal wealth creating society.
Related: A Better Fixed-Income Alternative ETF for Today’s Rising Rates
What would a nation look like that was ideally suited for capitalism?
Unfortuantely, the U.S. is hardly rich, check out Why the U.S. Debt Problem is Getting Worse