Fixing Alaska’s Investment Earnings Paradox

Posted on January 28, 2020November 17, 2020 by Ed King

I wrote a piece a few weeks back about how Alaska’s current investment earnings laws don’t work together. They create a paradox in which the budget deficit gets smaller if investment earnings get worse. In the extreme, we could balance the budget by losing $7 billion in the stock market. Because that makes absolutely no[…]

Inflation Proofing the Permanent Fund

Posted on January 27, 2020November 17, 2020 by Ed King

There was a little bit of a sparring match during the PFD working group meeting last week. Senators Hughes and Stedman seemed to have different impressions about the Percent of Market Value (POMV) approach to managing the Permanent Fund. But, the fireworks came in the form of a misunderstanding about how inflation proofing works. Let’s[…]