Given limited funds I think we should not distribute them via a lottery. That just doesn&#x27;t seem like the most efficient use of the money we have.<p>I fully agree with point 3 though. Currently we produce PhDs waay above replacement rate. Every tenured professor produces dozens of PhDs during his career, but his tenured position only becomes available once he retires. That&#x27;s just not sustainable, no matter how much money you throw at universities and research institutes.