The Alaska Permanent Fund board of directors made a reasonable call Wednesday in putting a cap on in-state investments at $200 million, the amount they have already committed to about 20 investments, some of them with tenuous ties to the Alaska economy.
The potential for political corruption and conflicts of interest are two of the biggest problems with this program. Those problems remain even with the fund now saying it won’t add to the pot of money aimed at promoting Alaska projects.
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