Future Funds or Future Eaters? The Case Against a Sovereign Wealth Fund for Australia

This paper considers the arguments for and against greater use of a sovereign wealth fund in Australia. It argues that the existing Future Fund is unnecessary and that greater use of a sovereign wealth fund would harm Australia’s future prosperity.

Robert Carling is a Senior Fellow at The Centre for Independent Studies.
Dr Stephen Kirchner is a Research Fellow at the CIS and a Senior Lecturer in Economics, UTS Business School, University of Technology, Sydney.