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Texas Tech opens Free Market Institute
Lubbock Avalanche-Journal ^ | March 7, 2013 | unattributed

Posted on 03/11/2013 4:30:05 AM PDT by 1rudeboy

Institute funded by $4M gift from anonymous West Texas cattle rancher

Tech officially opens Free Market Institute

Texas Tech officials on Wednesday announced the opening of the new Free Market Institute designed to research and educate students, the Lubbock community and the nation on the benefits of free-market economics.

Benjamin Powell will head the institute. He is a senior fellow at the Independent Institute, a newspaper columnist and a visiting professor in the Rawls College of Business, according to a Tech news release.

Powell was editor of “Making Poor Nations Rich: Entrepreneurship and the Process of Development” and co-editor of “Housing America: Building Out of a Crisis.” He has written more than 50 scholarly articles and policy studies. He primarily studies economic development, Austrian economics and public choice.

Additional faculty at the institute will include Michael Giberson, an instructor of energy commerce at the Rawls College of Business; Eduardo Segarra, chairman of the Department of Agricultural and Applied Economics; and Charles Long, who will serve as an economist and administrator. A national search for two more faculty members is under way.

The institute is funded by a $4 million gift from an anonymous West Texas cattle rancher. It will be housed under the office of the vice president of research at Texas Tech.


TOPICS: Business/Economy; Constitution/Conservatism; Philosophy; US: Texas
KEYWORDS: benjaminpowell; texas; texastech
It warms my heart to know that, somewhere in the wide plains of Texas, resides a free-tradin' cattle rancher.
1 posted on 03/11/2013 4:30:05 AM PDT by 1rudeboy
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To: Mase; Toddsterpatriot; expat_panama; 1010RD

ping


2 posted on 03/11/2013 4:32:33 AM PDT by 1rudeboy
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To: 1rudeboy

Good for them.


3 posted on 03/11/2013 4:48:54 AM PDT by Hoodat (I stand with Rand.)
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To: 1rudeboy

Wow! An actual university did this? I’ll bet there are lib econ “profs” dissing this in class today.


4 posted on 03/11/2013 5:03:40 AM PDT by albie (re)
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To: albie

LOL—not in class, they’re probably organizing a “teach in,” with “protests” to follow. Last step will be spray-painting “KKK rules!” on the “offending” professors’ doors.


5 posted on 03/11/2013 5:06:01 AM PDT by 1rudeboy
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To: 1rudeboy

These are mandatory for A&M threads:

Did you hear about the Aggie terrorist who tried to blow up the Longhorn team bus.  He burned his lip on the tailpipe.

 How many Aggies does it take to screw in a light bulb?  One, but he gets 3 hours credit.

 Did you hear about the skeleton they found in a closet in one of the dorms at A&M?  It was the 1963 hide-and-go-seek champion!

 Did you hear about the Aggie who won a gold medal at the Olympics?  He liked it so much that he decided to get it bronzed.

 Why did the Aggie get fired from the M&M plant as a quality control inspector?  He kept throwing out all the W&W's!

 Why don't Aggies eat barbecue beans?  Because they keep falling through the holes in the grill.

 Why don't Aggies use 911 in an emergency?   Because they can't find "eleven" on the phone dial.

 How can you tell an Aggie is on location at a drilling rig?   He's the one throwing bread to the helicopters.

 How many Aggies does it take to eat an armadillo?   Two. One to do the eating, and one to watch for cars.

 Ice is no longer available in the drinks at the cafeterias at A&M.   The senior who knew the recipe graduated.

 More here.

 

6 posted on 03/11/2013 5:09:10 AM PDT by expat_panama
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To: 1rudeboy; albie

It won’t be just the econ profs. Last May I met a group of geography and geology students from Texas Tech. They were touring New Mexico.

One told me he was studying geography because he wanted to get one of those good green jobs


7 posted on 03/11/2013 5:11:11 AM PDT by bert ((K.E. N.P. N.C. +12 .....The fairest Deduction to be reduced is the Standard Deduction)
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To: 1rudeboy

Someone needs to write a book called:

Making Rich Nations Poor: Obamanomics or How Cook County Illinois Became a Worker’s Paradise


8 posted on 03/11/2013 5:22:28 AM PDT by 1010RD (First, Do No Harm)
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To: expat_panama

Texas Tech is not Texas A&M.


9 posted on 03/11/2013 6:05:52 AM PDT by thackney (life is fragile, handle with prayer)
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To: thackney

You’re right. Tech is not A&M, and, no matter how hard they try, they never will be. Gig’em.


10 posted on 03/11/2013 6:11:42 AM PDT by HopeSprings
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To: 1rudeboy

That cattle rancher better stay on top of the hires for this institute less it become a Trojan horse.


11 posted on 03/11/2013 6:36:07 AM PDT by outinyellowdogcountry
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To: HopeSprings

“No matter how hard they try?” Kidding, right? What sort of institution would “try” to be the object of countless jokes and scorn? Your comment smacks of Aggie delusion.


12 posted on 03/11/2013 7:09:46 AM PDT by 2big2fail
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To: thackney

True! AAAAND Texas A&M is NOT Texas Tech!!!

I have great respect and admiration for those known as the Aggies, but the Southwest is not known for its “Red Raider” jokes.

I received BS & MS degrees from the Step-Child University of Texas, a.k.a. TTU; so don’t be hatin!


13 posted on 03/11/2013 7:10:09 AM PDT by caprock
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To: 1rudeboy

Good bless Texas and her cattle ranchers!


14 posted on 03/11/2013 7:12:22 AM PDT by Jane Long
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To: caprock

Also, my TTU Economics professor repeatedly mentioned that the government’s universal response to its failing programs is to “throw more money at them.” He was probably an anomaly even at TTU, but I doubt many other universities can find such a gem on their faculties.


15 posted on 03/11/2013 7:27:44 AM PDT by caprock
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To: thackney
These are mandatory for A&M threads...

Texas Tech is not Texas A&M.

Ah, you can tell how much the difference matters to me.  OK, this bunch is for the Google impaired Aggies:

Q: Did you hear about the power outage at the Texas Tech University library? A: Thirty students were stuck on the escalator for three hours.
 

Q: What does the average Texas Tech University student get on his SAT? A: Drool.
 
Q: How many Texas Tech freshman does it take to change a light bulb? A: None, it's a sophomore course.
 
Q: What do they call students who go to Texas Tech? A: Rejects from Texas!

Q: What's the difference between a Texas Tech football player and a dollar? A: You can get four quarters out of a dollar.


 

16 posted on 03/11/2013 8:15:16 AM PDT by expat_panama
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To: 1rudeboy

He probably has oil wells on his ranch and raising cattle is his hobby.


17 posted on 03/11/2013 8:22:24 AM PDT by Ditter
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To: Ditter

Or he exports beef.


18 posted on 03/11/2013 8:25:30 AM PDT by 1rudeboy
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To: Ditter
probably has oil wells

My wife was from Lubbock & I remember her dad driving us to the airport after the wedding telling me about a friend of his that had the most beautiful little farm in the area, and then one day they discovered oil on it that just ruined everything about it...

19 posted on 03/11/2013 9:02:54 AM PDT by expat_panama
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To: expat_panama
Drilling oil wells on your property is defiantly invasive but you can then go and buy another piece of property if you want to.
20 posted on 03/11/2013 9:11:44 AM PDT by Ditter
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To: 1rudeboy
Let’s see..... raising beef cattle or.......... finding oil/gas on your property .......... LOL, not even close.
21 posted on 03/11/2013 9:14:09 AM PDT by Ditter
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To: Ditter
...oil wells on your property is defiantly invasive but you can then go and buy another piece of property...

We're talking Lubbock area here.   What possible good would it do for the guy to use a bit of the oil earnings and buy another farm only to turn right around and end up with yet another oil fortune.   It's simply one of those no-win situations with no easy solution.

22 posted on 03/11/2013 11:11:57 AM PDT by expat_panama
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To: expat_panama

You know what, you are right! Money is dirty, I mean it really has germs and stuff on it, oil money would have nasty oil on it. Not healthy to have it around.

I knew a lawyer once years ago and he had his wife wash all the cash money that he got from clients. I mean she really put it in the sink with soap and water and then ironed it dry. No dirty money for that guy no sir! Not gonna hang anything on him. snort)))))))


23 posted on 03/11/2013 1:37:40 PM PDT by Ditter
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To: Ditter

A lawyer friend of mine was telling me of how most university psych depts had decided to quit doing lab tests on rats but were running the tests on lawyers instead. The reasons were that lawyers were easier to find, their numbers multiplied more quickly, and that there were always some things that rats were just not willing to do.


24 posted on 03/11/2013 2:49:12 PM PDT by expat_panama
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To: expat_panama

So it’s true......... there is nothing lawyers won’t do!

You don’t suspect that all that money that the lawyers wife washed could have had drugs on it do you?????? OMG!


25 posted on 03/11/2013 3:06:43 PM PDT by Ditter
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To: Ditter

-——there is nothing lawyers won’t do!-——

Well, that’s just not right.

They won’t pay their bills.


26 posted on 03/11/2013 3:15:38 PM PDT by bert ((K.E. N.P. N.C. +12 .....The fairest Deduction to be reduced is the Standard Deduction)
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