<p>As I’ve written in another thread, debt is not fundamentally bad. </p>
<p>UChicago can fund its rise on cheap money (since the Fed is committed to a low interest rate) now, and pay back the balance once its investments reap their rewards. Add that to the new capital campaign, and this hardly looks like a bad plan; rather, it appears to be an opportunistic (in the best sense of the word) move to use the economic downturn to Chicago’s advantage.</p>