There's been a lot of talk about the possibility of the Koch Brothers buying the Tribune Company (which owns the Los Angeles Times, the Chicago Tribune, the Baltimore Sun, and others). However, Minding the Campus has another idea:
Leaving aside the obvious arguments about buying dinosaurs and whether the brothers could ideologically re-shape these papers, let me suggest a better investment--establish an undergraduate college heavy on the humanities and social sciences (including economics) that recruits only top students. (David Koch took a step in this academic direction in 2007 when he gave $100 million to MIT for the David H. Koch Institute for Integrative Cancer Research). In a nutshell, it's better to create an elite alternative to today's left-leaning academy than to exercise the owner's droit de seigneur to write weekly op-eds on the evils of Washington's regulation. The Koch boys surely must appreciate how innovation can destroy the old economic order and higher education is no exception. Moreover, creating a college via a 501(c)(3) foundation would provide huge tax savings, perhaps even making the enterprise "free."
I am not advocating "Libertarian U." America hardly needs another politicized, indoctrination-minded university. Rather, and perfectly consistent with libertarian values, today's higher education could benefit from a top-notch undergraduate-oriented college unfettered by political orthodoxies, a true marketplace of ideas where, at least in principle, the brothers' cherished laissez-faire could get clobbered. Surely Charles and David will agree--no ideological litmus tests, and may the best ideas win.