Future Funds or Future Eaters? The Case Against a Sovereign Wealth Fund for Australia
CIS have published a new Policy Monograph by Robert Carling and myself making the case against the use of sovereign wealth funds in the Australian context. We argue that the desirable objectives of a sovereign wealth fund can be better met through greater use of fiscal responsibility legislation.
The Business Council of Australia also argues against a SWF and in favour of fiscal policy rules in its just released 2012 budget submission.
posted on 20 February 2012 by skirchner in Economics, Fiscal Policy
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