May 28, 2019
In this Issue:
Alaska’s PFDs almost didn’t happen
Public was lukewarm on dividends; many legislators were opposed
Where did the idea come from?
Senior citizen bonuses, student loans were early models
Accidents of history played a role
Public was initially skeptical to giving away money
What if there had never been a PFD?
How the Permanent Fund came to be Political vision in 1976, but voices of caution, too Editor’s note: Given the importance of the Permanent Fund in making an annual payment to support the state budget and the Permanent Fund Dividend, we present this historical perspective, part one of a series, on the Permanent Fund and the dividend. We first published this in 2017. Mike Bradner was a participant in the Fund creation as Speaker of the House in 1976. By […]