It's an over-generalization to say that all highly funded faculty are poor teachers. There are also lowly funded faculty that stink as well. I'm just pointing out that I agree that funding should definitely figure into the equation of a school's overall quality. To even the playing field, let's take two average quality instructors, one with only 2 publications in some unknown journal, and another with a prosperous lab pounding out tons of cutting edge research. Who would you want for a teacher? I would want someone who truly knows the field to be teaching me the material. Also, when it comes time to get recommendations for jobs and residency, whose letter do you think would be more favorable to have? Funding gives the school reputation, reputation brings the school more applicants, more applicants bring more money, more money means better facilities and equipment for students. Money is important and it does, in many indirect ways, influence the quality of a program.