The American Spectator

The Spectacle Blog

Billionaire financier George Soros is giving $50 million to found an anti-free market think tank. The think tank, to be called "The Institute for New Economic Thinking," would help "take back the economics profession from the champions of free-market zealotry who have dominated it for decades, and to correct the failures of decades of market deregulation," according to the unbiased news publication Newsweek. Soros reportedly already has left-wing economists like Joseph Stiglitz and Jeffrey Sachs on board for the project.

It would add to a number of American think tanks and media outlets in Soros's employ.