to keep the country’s best and brightest young people from becoming antibusiness. What we need to do, Powell said, is set up institutes within the universities and outside the universities. We have to do research, we have to write books, we have to endow professorships to teach these people the right way to think. After Powell went to the Supreme Court, these ideas were taken up by William Simon, secretary of the treasury under Nixon. He convinced some very wealthy people and families with foundations—Coors, Scaife, Olin—to set up the Heritage Foundation, the Olin professorships, the Olin
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