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The U.S. Sovereign Wealth Fund: A Delicate Proposition
In recent weeks, the United States announced its intention to create a sovereign wealth fund, a significant initiative aiming to establish a national investment account to manage public money. This move comes in a landscape dominated by large and powerful sovereign wealth funds from various countries, including Norway, China, and several Gulf states. However, while the concept may seem prudent on the surface, the practicality of such a fund in the current U.S. economic environment raises several concerns.