UFM is among Latin America’s leading universities. Its mission is “to teach and disseminate the ethical, legal, and economic principles of a society of free and responsible persons.” Its startup ethos is disruptive to traditional academia: no tenure, a board composed of business people and entrepreneurs, deans with balanced budgets, and an academic atmosphere where all students—from architecture to medicine to filmmaking—learn about the causes and origins of the wealth of nations. Honorary doctorate recipients reflect UFM’s international reach, including Nobel laureates James Buchanan, Milton Friedman, Friedrich Hayek, Vernon Smith, and Mario Vargas Llosa, and 2017 FreedomFest speakers Steve Forbes, George Gilder, Deirdre McCloskey, Jim Rogers, Joel Stern, and John Stossel.