| It's time that US taxpayers received some rewards for helping to shoulder huge macroeconomic risks, according to Miles Kimball. Could a US sovereign wealth fund be the solution?
At its inception, a US sovereign wealth fund would be established by issuing $1trn worth of low-interest safe Treasury bonds and investing those funds in high-expected-return risky assets. That takes those risky assets out of the hands of private investors and puts safe assets in their hands instead...............................................Full Article: Source |