From the Washington Post:

So an even better idea would be to make the government a large institutional investor — basically, to create a government hedge fund, or “sovereign wealth fund.” A number of other countries have such funds, as do Texas (which uses oil money to fund public higher education) and Alaska (which dispenses the returns on its fund as a dividend to residents), and conservatives and libertarians like Tyler Cowen and Reihan Salam have expressed support for establishing one in the U.S.

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