{"id":3069,"date":"2023-03-31T21:18:19","date_gmt":"2023-03-31T21:18:19","guid":{"rendered":"https:\/\/www.godefy.com\/pluralistic-the-small-nonprofit-school-saved-in-the-svb-bailout-charges-more-than-harvard-23-mar-2023\/"},"modified":"2023-03-31T21:18:19","modified_gmt":"2023-03-31T21:18:19","slug":"pluralistic-the-small-nonprofit-school-saved-in-the-svb-bailout-charges-more-than-harvard-23-mar-2023","status":"publish","type":"post","link":"https:\/\/www.godefy.com\/pluralistic-the-small-nonprofit-school-saved-in-the-svb-bailout-charges-more-than-harvard-23-mar-2023\/","title":{"rendered":"Pluralistic: The &quot;small nonprofit school&quot; saved in the SVB bailout charges more than Harvard (23 Mar 2023)"},"content":{"rendered":"<p>Today&#8217;s links The &#8220;small nonprofit school&#8221; saved in the SVB bailout charges more than Harvard: It&#8217;s got a private ski-hill! Hey look at this: Delights to delectate. This day in history: 2013, 2018, 2022 Colophon: Recent publications, upcoming\/recent appearances, current writing projects, current reading The &#8220;small nonprofit school&#8221; saved in the SVB bailout charges more than Harvard (permalink) There are no libertarians in a bank run. No sooner had venture capitalists whipped each other into a terrified Twitter frenzy at the imminent collapse of Silicon Valley Bank &#8211; a collapse caused by that selfsame frenzy &#8211; than the Ayn Rand-poisoned elite of Sand Hill Road started begging for Uncle Sucker to open the sluicegates: https:\/\/twitter.com\/EricNewcomer\/status\/1634300928621793283 Now, on the one hand, it&#8217;s easy to dismiss these guys as very, very, very stupid. After all, they played a game of prisoner&#8217;s dilemma in which they were allowed to talk to each other as much as they wanted &#8211; and they still sold each other out: https:\/\/newsletter.mollywhite.net\/p\/the-venture-capitalists-dilemma But they still have the commonsense to realize that an America where $10k in student debt cancellation, school lunches for hungry children, and library budgets are out of reach, handing billions to a bank rescue a balance sheet overwhelmingly made up the investments of &#8220;high net worth&#8221; investors wouldn&#8217;t be popular. After all, these guys have been crying about incipient guillotinism for years: https:\/\/www.bloomberg.com\/news\/articles\/2015-06-08\/billionaire-cartier-owner-sees-wealth-gap-fueling-social-unrest Sure, they don&#8217;t compare small rises in the top marginal tax-rate to Kristallnacht anymore: https:\/\/www.npr.org\/sections\/alltechconsidered\/2014\/01\/26\/266685819\/billionaire-compares-outrage-over-rich-in-s-f-to-kristallnacht But they are locked and loaded for&#8230;<a href=\"https:\/\/pluralistic.net\/2023\/03\/23\/small-nonprofit-school\/\">Pluralistic: The &quot;small nonprofit school&quot; saved in the SVB bailout charges more than Harvard (23 Mar 2023)<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Today&#8217;s links The &#8220;small nonprofit school&#8221; saved in the SVB bailout charges more than Harvard: It&#8217;s got a private ski-hill! Hey look at this: Delights to delectate. This day in&hellip; <\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[841,837,739,840,300,838,565,813,158,839,811,842,836,843,160,12,295],"_links":{"self":[{"href":"https:\/\/www.godefy.com\/wp-json\/wp\/v2\/posts\/3069"}],"collection":[{"href":"https:\/\/www.godefy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.godefy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.godefy.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.godefy.com\/wp-json\/wp\/v2\/comments?post=3069"}],"version-history":[{"count":0,"href":"https:\/\/www.godefy.com\/wp-json\/wp\/v2\/posts\/3069\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.godefy.com\/wp-json\/wp\/v2\/media?parent=3069"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.godefy.com\/wp-json\/wp\/v2\/categories?post=3069"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.godefy.com\/wp-json\/wp\/v2\/tags?post=3069"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}