The Commonwealth Government future fund should become a major sovereign wealth fund, used to ensure that resource industries remain in Australian hands and as a source of lending to business in the event of a major credit squeeze.In the wake of the global financial crisis (GFC), Europe and the United States are currently suffering what Nobel Prize-winning economist Paul Krugman describes as being a “long depression”.Australia is facing a blow-out of government debt, the result of the Labor Gover…
