Recent proposals by President Donald Trump to establish a U.S. Sovereign Wealth Fund (SWF) and by Texas Lieutenant Governor Dan Patrick to remove the cap on Texas’s Economic Stabilization Fund (ESF) are deeply flawed. Both ideas assume that government-run investment…

Every year, the non-profit organization Truth in Accounting publishes its Financial State of the States report, which evaluates the fiscal health of all 50 states based on their latest financial data. The 2024 report is a thorough, data-driven analysis that…