So @samhaselby and I wrote a piece in the Chronicle of Higher Education on the toxic influence of the Ivy League. chronicle.com/article/how-me…
The Ivy League really is a cartel, and not just in a metaphorical sense. The Justice Department investigated them for price-fixing in financial aid over the course of FOUR DECADES. nytimes.com/1991/05/23/us/…
23 Northeastern universities held an annual meeting in which they “discussed the financial-aid applications of 10,000 students who had been accepted to more than one institution in the group." The attorney general called them a “collegiate cartel.”
One pernicious influence of the Ivy's is on investing. David Swensen legitimized private equity and hedge funds through his perch at Yale, and then his proteges went all over the university endowments. Then these toxic choices went everywhere. If Yale did it, why not CALPERS? 
Harvard, Yale, Princeton, etc. don't like to talk about it, but they needed a bailout in 2008 and 2020 as much as any Wall Street fund. That is in part what many of them have become. chronicle.com/article/how-me…
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