President Trump’s proposed cuts to the The National Endowment for the Arts and the National Endowment for Humanities have left a bitter taste in the mouths of many. Spokespeople on the left predictably jumped to defend these supposedly indispensable programs. After all, if the government isn’t paying for these sorts of programs, who will?
As it turns out, Chance the Rapper has stepped up to the plate by crafting the New Chance Arts and Literacy Fund, benefiting arts education in Chicago Public Schools. And according to the economic theory of the crowding out effect, he probably won’t be the only one. Continue reading “If He Defunds It, They Will Come: Charitable Giving Under Trump”