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With Liberty and Dividends for All by Peter Barnes

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The Alaska Model

Our dividend program simply gives back to the people a portion ofearnings from invested oil wealth that belongs to the people.

—Former governor Jay Hammond

Jay Hammond, the Republican governor of Alaska from 1974 to 1982 and father of the Alaska Permanent Fund, led a life nearly as exciting as Thomas Paine’s. He was a Marine fighter pilot during World War II, then a bush pilot, commercial fisherman, and backcountry guide in Alaska. Friends urged him to run for local office, then the state legislature, and then for governor, all ...

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