The University of Chicago is currently struggling, and it’s not just their moral consciousness coming back to haunt them after what their economists did to Chile. Instead, they’re struggling because they’re running low on funding — not just because the Trump administration cut their funding, but because they blew a bunch of money on cryptocurrency.

Citing four sources and “widespread campus rumors,” the Stanford Review alleges that part of the university’s budget troubles can be attributed to bad investments in crypto, with losses amounting to “tens of millions” of dollars in 2021.

Even ignoring crypto, the school famous for training economists is apparently just really bad at investing. From 2013 to 2023, the stock market enjoyed an annual growth of 12.8 percent. Most Ivy League schools saw comparable returns on their endowment, averaging about 10.8 percent.

For the University of Chicago, that number was just 7.48 percent — in short, absolutely abysmal.

“Had UChicago simply matched the market, its endowment would be $6.45 billion larger today — more than enough to repay its entire debt,” notes the Stanford Review.

If these economists can’t handle their own money, should we really trust them to manage ours?