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The point is that there's neither as much money nor as much flexibility as people imagine there to be. We shouldn't be flippant about these attacks because the
by sorcerer-mar 2y ago
The point is that there's neither as much money nor as much flexibility as people imagine there to be.
We shouldn't be flippant about these attacks because these institutions have what appear to be (but functionally are not really) giant war chests.
- mgkimsal 2y agoI'm not flippant about it, and do not take the suggestion of using some endowment money for 'non-specified purposes' lightly. I don't think it should be completely off the table. The Trump administration has relied on people and companies responding to their aggression and violation of norms within the bounds of normalcy. None of this is normal. We are being gish galloped with attacks on all fronts of societal norms at once - threatening law firms, universities, students, immigrants. Attack the powerless and those with some power to protect those powerless at the same time.
- sorcerer-mar 2y agoI don't think we disagree on any of this. I was taking issue with this framing: "I don't think the institution will run out of money any time soon. It's a $50bn prop trading firm with a university attached."