Thursday, September 22, 2005

This is an idea that can and should be applied in Iraq. And throughout the GCC as well. (Via Instapundit.com.)

More here from Nobel Prize winning economist Vernon L. Smith.

1 Comments:

Anonymous Acad Ronin said...

Minor point, but the Permanent Fund's portfolio should probably be seriously underweight in oil shares. As the government's revenue probably already covaries strongly with oil prices, as does the general prosperity in the country,ideally the Permanent Fund should be structured so that the size of its annual dividend has a negative covariance with oil prices.

4:10 AM  

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