23.03.2012 - Murray's Future Fund brace is broken
Outgoing Future Fund Chairman David Murray expresses surprise at the 'cynical turn' in the public debate about sovereign wealth funds in Australia. Yet his defence of the Future Fund is unconvincing and can only inspire scepticism about the role of such funds in enhancing Australia's prosperity. Murray says that "politicians routinely strip value off the future". True enough, but the Future Fund does not solve this problem...............................................Full Article: Source
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