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> And you don't want governments holding other investment assets because the government choosing what to invest the money in would be the world's strongest corr
by ajdlinux 9y ago
> And you don't want governments holding other investment assets because the government choosing what to invest the money in would be the world's strongest corruption magnet.
IDK, sovereign wealth funds seem to work for quite a few countries
- AnthonyMouse 9y agoMostly countries with a positive balance of trade, minimal or no public debt and minimal regulatory capture, none of which is true in the US. And if you actually wanted to do that, it would require deep cuts to other government programs, because the social security administration wouldn't be there to soak up government debt anymore, which would raise interest rates. The same tax dollar can't both be invested in stocks and "borrowed" by the general fund to pay for education or the military.