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Blog Post
March 27, 2019
ExxonMobil announced the discovery of two more massive oil fields off the coast of Guyana last month. If back-of-the-envelope estimates of around $5 billion of oil revenue per year are correct, that equates to around $6,410 USD per person—far more than the current GDP per c...
Blog Post
July 06, 2016
One of the nearest real-world examples of Oil-to-Cash is Alaska, which has paid an annual dividend to every state resident since 1982. One of the presumptive lessons drawn from Alaska’s experience has been that once a dividend was in place, political forces aligned to protect it from...
Press Release
June 03, 2015
At first glance, winning the lottery seems like a momentous stroke of good fortune. Money is often what people — especially poor people — need to get back on their feet and make a new start. Unfortunately, it’s often the people who need the money most who, even with the best intent...
Blog Post
June 02, 2015
What would happen if a country that struck oil decided to share the income directly with its own citizens? That’s precisely the question that Caroline Lambert, Stephanie Majerowicz, and I try to explore in our new book Oil to Cash: Fighting the Resource Curse with Cash Transfers.
Blog Post
December 09, 2013
Donald Kaberuka, the President of the African Development Bank and the leading voice for forward-leaning economic policy on the continent, has come out publicly in favor of paying some portion of natural resource windfalls as a direct dividend to citizens. We’re pretty excited about this polic...
Blog Post
June 17, 2013
This is a joint post with Stephanie Majerowicz.
When we share the Oil-to-Cash idea with people who are hearing about it for the very first time, the typical response is almost always viscerally negative. (If you aren’t familiar with Oil-to-Cash, here’s the web page and a 4-min jellybean...
Blog Post
November 29, 2012
The Washington Post reported yesterday that India will, starting Jan 1st in 51 districts, pay cash directly into the accounts of poor families as it begins unraveling its convoluted web of food, fuel and other subsidies. India’s been toying with this idea for a while, so it’s good news that it’ll fi...