Budget & Tax

| June 3, 2009

Finance versus freedom?

"[P]rinciples have a price," William McGurn writes yesterday in The Wall Street Journal. For private institutions, in many cases, that price is cutting off government funding.

McGurn points out one of the problems of accepting government money - it stifles freedom. With all the strings attached to government endowments, Hillsdale College, and all other businesses who wish to make their own choices without government interference, must refuse the funding.

So, while Hillsdale holds fast to freedom and Harvard University to finances, what happens to all those big companies that have sold out? It seems GM and a few others could also learn from Hillsdale's example. After all, what corporation wants the government complicating private enterprise?

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