Alaska’s $78 Billion Magic Trick: Turning Oil Into Free Money While the World Watches Jealously
**Alaska’s Permanent Fund: The Welfare State That Republicans Forgot to Hate** *By our correspondent who once cashed a dividend check and still feels dirty about it* ANCHORAGE—While the rest of the planet guts social programs faster than you can say “austerity,” America’s northernmost petro-colony has been quietly mailing free money to every resident—toddlers included—since 1982….