Hillsdale College purposefully does not take any federal dollars, does not take any government

dollars. Why? Well, because it wants to remain independent and never wanted to be in a position

for the Obama administration or the Biden administration to be able to hold federal funding over

its head and tell it what to do. That's a good thing. It's a thing that we should encourage,

but they can't maintain that level of independence in schools like they can't maintain that level of independence in

schools like it can't maintain that level of independence if they can't count on the endowments

that they've built through private fundraising, you know, to grow and to grow in a way that, again,

allows them to continue to operate and offer value to conservatives across the country. So I, you know, I hope,

I'm glad that Larry wrote that piece and I'm, you know, I'm hopeful that your Republicans in

Congress will read it and understand that what they're doing is fun.

Welcome back. This is a journal podcast.

I'm your host, Charles Fain Lehman, I fell to Manhattan's Institute and senior editor of City Journal.

Joining me on the panel this week are my colleagues, Judge Glock, economics guy at the Manhattan Institute, Rothman Gwahl, Crime Guy, and Manhattan Institute, that makes you sound like

your criminal, which was a little unclear on that front still, and John Seiler, Director for

Education, Senior Fellow to Manhattan Institute, an author of an excellent series at City

Journal investigating the fellow to faculty pipeline, which shows how radical activists get into academia.

John, thanks to joining us on the panel this week.

Yeah, excited to be here.

I want to, I want to jump right into the news and zoom in a little bit on a story that actually

CJ covered earlier this week.

The House tax bill rolled out, and in addition to a number of other major changes, it seems likely that Congress is going to attempt

to pay for its massive reduction in taxes by increasing the taxation on certain major endowments, with the endowment

...