Cato Institute Director of Budget and Entitlement Policy Romina Boccia is available for interviews in light of President Trump signing an executive order calling for the creation of a U.S. sovereign wealth fund.

Boccia issued the following statement in reaction:

“A U.S. sovereign wealth fund (SWF) is not a good idea. Unlike countries with successful SWFs—such as Norway or Singapore—the U.S. government runs persistent budget deficits and has no surplus revenue to invest. Even if the fund’s returns exceeded the government’s borrowing costs, this wouldn’t generate new wealth for society; it would simply transfer economic activity from the private sector to the government. Worse, a government-controlled investment fund risks political interference in capital allocation and could bring the U.S. economy closer to a form of state ownership—something Americans should resist.”

If you would like to speak with Boccia on this issue, please contact me to set up an interview.

Best regards,

EMILY ADAMEC
Manager of Media Relations
eadamec@​cato.​org
O: (202) 216‑1410