Did Harvard Have in Coming?
Open to Debate, July 11, 2025
The Trump administration has launched an unprecedented assault on Harvard University, freezing more than $2 billion in federal research grants, slashing another $450 million, threatening $100 million in contracts, as well as threatening to revoke its tax-exempt status and its practice of international student enrollment — all aimed at pressuring the university on allegations of campus antisemitism, “anti‑Americanism,” diversity programs, and free-speech issues. Some have praised the administration’s actions, saying what has happened necessitates consequences. Harvard has pushed back with lawsuits, warning that these federal actions could cripple critical scientific research and chill academic freedom.
Prominent Harvard figures, former University President Larry Summers and Professor Emeritus Alan Dershowitz, engage in a nuanced debate and provocative discussion about whether Harvard failed to contain ideological imbalances, antisemitic incidents, and DEI overreach, and what meritocracy means today at Harvard and other elite universities. Experts who have closely followed this issue and a member of The Harvard Crimson, its undergraduate student newspaper, also joined the discussion.
As we watch the administration’s next moves, we ask: Did Harvard Have It Coming?
Is the dollar still a safe haven? U.S. Chamber of Commerce podcast
A podcast on how tariffs stoke uncertainty and investor anxiety, putting our financial credibility at risk. “It’s as much a question of psychology as it is of economics.”
Key takeaways from my conversation w/ Jay Sapsford:
Triple Market Warning – Stocks, bonds, and the dollar are falling together. That should be a source of ‘apprehension.’
Tariffs Send Mixed Signals – Economic nationalism may play well at home, but globally it raises doubts about U.S. reliability.
Losing the Privilege – The U.S. has long benefitted from the dollar’s dominance. That status was never guaranteed.
Policy Risk Is the New Market Risk – When investors worry more about Washington than war or pandemics, something’s broken.
Ezra Klein podcast: I Keep Hoping Larry Summers Is Wrong. What if He’s Not?
For over a year now, Summers has been warning about the economy that we appear to be entering. Listen here to Ezra Klein podcast on New York Times.
