In the Atlantic, Matthew Iglesias reports on the debate over whether Harvard more resembles a hedge fund than a university.

This may seem like a bizarre debate to those who teach at the university, but I think it’s a growing challenge for Harvard: The university’s wealth is so great that the education of students is increasingly seen as a byproduct of its revenues, rather than as the generator of them.

And once that impression sinks in, then the idea of taxing Harvard will seem almost logical…..