Time for a U.S. Natural Resources Trust?

Compared to other nations and even U.S. states, the federal government is a conspicuous laggard in creating a natural resources trust which would allow for stable, permanent, and ever rising payments to states and local governments without risks to taxpayers.

This week, the British House of Lords will consider creating a Sovereign Wealth Fund to save and invest some of the revenue from projected natural gas production as fracking starts in the Northern Isles. If the U.K. does so, it will join a large and growing group of nations and states in the U.S. (including Alaska, North Dakota, Wyoming, New Mexico, Utah, and more) who have established permanent funds.

Trust Funds Per Capita

*Graph from Minneapolis Federal Reserve.