Bibliographic Details
| Title: |
The Last Thing America Needs Is a Sovereign Wealth Fund. |
| Authors: |
Burshtein, Dimitri (AUTHOR) |
| Source: |
Wall Street Journal - Online Edition. 3/12/2025, pN.PAG-N.PAG. 1p. |
| Subjects: |
Investors, United States economy, Public investments, Sovereign wealth funds, Decision making in investments |
| Abstract: |
The article argues against the establishment of a U.S. sovereign wealth fund (SWF), highlighting the economic risks and potential political interference it could bring. It emphasizes that the U.S., with its large deficits and debt, is not suited for an SWF, unlike smaller nations with fiscal reserves. The text warns that an American SWF could distort markets, invite government interference, and undermine the constitutional separation of powers, potentially granting the president unprecedented authority over the economy. [Extracted from the article] |
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| Database: |
Regional Business News |
