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April 07, 2003

AFTER SADDAM, DEMOCRACY: Michael Barone has an excellent column on what should come next, and endorses the idea of a permanent trust fund for oil revenue, modelled on Alaska's. Barone emails:

I was prompted by a posting March 28 in instapundit.com, in which you quoted Lou Dolinar of Newsday as passing on a proposal for a different kind of investment fund. I emailed him and he had no objection to my printing this as my own suggestion. Due to dead tree limitations, I have only 770 words.

Damn dead trees. Read the column, though.

UPDATE: Read this piece, too about a similar model being tried in Chad.