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joe5150 3 days ago

What does "gorging themselves on endowments" even mean? If they did that, they wouldn't be very endowed in quick order.

eszed 3 days ago | parent [-]

Charitably, they may mean "the proceeds from their endowments" (or maybe "engorging their endowments", if that's even a proper use of the word), but I think that's a weak point. Proportionally very, very few institutions have significant endowments.

disambiguation 2 days ago | parent [-]

You're both wrong. I'm saying they're engorged AND well endowed. Many consider this a strong point.

eszed 11 hours ago | parent [-]

Oh, yeah. Some certainly are. I think they're the subset towards whom Summers is addressing his argument, in the article under discussion.