I’m Betting $100 Million on a New University

November 05, 2025 1 min read

Jeff Yass
The Free Press

Excerpt: I am giving $100 million to the University of Austin because the feedback mechanisms of higher education are broken.

Almost every system that works, works because of feedback. Evolution works because helpful mutations survive while harmful ones die off. Democracy works because voters support effective leaders and remove ineffective ones. Markets work because prices tell producers when to ramp up or scale back. Science works because the data from an experiment tells the scientist how likely their hypothesis is to be false.

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Institutional neutrality can’t be used to turn students into puppets

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Excerpt: FIRE has previously argued for colleges and universities to adopt institutional neutrality, both as a boon for the campus climate and as an insurance policy for the university. By declaring itself neutral on major political and social issues, a university ensures that it does not chill potential dissenters on campus by constantly taking official positions on unresolved topics. 

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