This could be off by an order of magnitude, but probably not more, so I’d be fine with saying anything in the $1 trillion ish range, unless I messed something up.

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Now, obviously the budget has lots of stuff beyond what’s absolutely necessary, so one could imagine cutting it by a factor of 4 (?). That would put the required endowment at $22 billion, or roughly half a million per student. There are 10,000,000 US public university students, so maybe $5 trillion?

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I don’t know if this is really what you’re looking for but UT Austin has a ~$20B endowment and it doesn’t come close to covering expenses. The operating budget is ~$4 billion annually, so with the usual 4.5% rule of thumb, you’d need $88 billion in endowment.

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I learned a new word today - presentism -- thanks for this!

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Hey medievalists! A new curated collection on Marc Bloch is now out in French Historical Studies; it includes five articles that cite his work, and a reflection on his legacy for historians of all stripes. read.dukeupress.edu/french-histo...

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