Elite University Presidents are the Biggest Scam Artists in Society
March 24, 2025
They sit on hundreds of billions of dollars in endowments while whining and wailing like scalded babies when DOGE cuts their lavish subsidies by a few million. The more cutting the better for these dysfunctional incubators of socialism.
Humorous side note: I once held a privately-funded endowed chair. Since the chair holders were generally paid more than the average professor, a socialist philosophy professor (the only allowable type) complained about this unconscionable inequality in a letter to the editor in the school newspaper, condemning me especially for being “by far the best endowed” of all the chair holders. I was told at the time that I then became the talk of the female employees at the university.
Dr. Thomas DiLorenzo [send him mail] is a former professor of economics at Loyola University Maryland and a longtime member of the senior faculty of the Mises Institute. He is the author or co-author of eighteen books including The Real Lincoln; How Capitalism Saved America; Lincoln Unmasked; Hamilton's Curse; Organized Crime: The Unvarnished Truth About Government; The Problem with Socialism; and The Politically-Incorrect Guide to Economics.
"The Special Relationship"