What Really Matters with Walter Russell Mead
The Almighty Dollar
Apr 18, 2025
This discussion dives into the politically charged debate about revoking Harvard's tax-exempt status and the potential implications for democracy. It also sheds light on the escalating tensions between Israel and Iran over nuclear capabilities. Economic concerns take the stage as they analyze the impact of declining tourism on the U.S. economy and the challenges from alternative currencies. Finally, listeners are taken on a whimsical tour of Iran, highlighting its breathtaking landscapes and rich culture while navigating the complexities of visiting.
38:47
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Quick takeaways
- The Trump administration's attempt to revoke Harvard's tax-exempt status raises serious concerns about political interference in educational institutions.
- A decline in foreign tourism, influenced by a weak dollar and geopolitical tensions, could have significant repercussions for the U.S. economy by 2025.
Deep dives
Revocation of Harvard's Tax-Exempt Status
The Trump administration is seeking to revoke Harvard University's tax-exempt status, a significant move that could require the university to contest the decision in court. This request follows Harvard's refusal to comply with the administration’s demands, including sharing admissions data. The seriousness of this effort raises questions about the politicization of federal agencies like the IRS, particularly the stark lack of pretense of neutrality commonly associated with past administrations. It highlights a broader concern regarding the government’s ability to wield power over educational institutions, making political maneuvering more visible than ever.
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