I AGREE: Jeffrey Carter: Strategic Funds: Both Are Terrible Ideas.

I call them as I see them. I have thoroughly enjoyed the first two weeks of the Trump Administration and I hope it keeps going right until he leaves office. Wouldn’t it be funny if his last act in office was an Executive Order that limited Presidential power to the original meaning in the Constitution?

Trump signed an executive order authorizing a Strategic Wealth Fund (SWF) for the US. It’s a terrible idea. Wyoming Republican Senator Cynthia Lummis wants a Strategic Bitcoin Reserve (SBR). It too is a terrible idea. I hope David Sacks has enough sense to push back on it.

There are similarities in why both are terrible ideas. There are also unique aspects of both that make them singularly terrible ideas.

Sooner or later, a strategic fund will turn into a slush fund just like what we’re dismantling at USAID.