Lev Menand
speaker
1,295 appearances
6 recordings
1 series
first heard Jan 2025
last heard 17 Jul
Lev Menand’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 2 in all, peaking in Jul 2026 with 1.
Appearances
equilibrium will outlast them, given all of the skepticism on both sides about the carve out and the way in which now the Federal Reserve Board sticks up like a sore thumb in the administrative state, almost like attracting attention.
The presidentialists want to finally win.
And it's going to be hard to get the Democrats to accept that
you know, that the court has just run over all these other agencies, but, you know, stand back from the Federal Reserve Board.
I feel like you're trying to work in here a claim that the state banks are unconstitutional.
Yeah.
I think it's right to say that what makes a judicial decision legitimate or illegitimate?
One factor are shared legal understandings and legal arguments.
And that's why the court puts out these opinions, to try to persuade the epistemic community of lawyers
that what they're doing is within the bounds of their discretion.
It is consistent with law.
But there's some other constraint which just has to do with the outcome.
Maybe they could tell a good law story, but if the outcome causes us to lose a war with a foreign nation or causes the economy to go into recession,
then that is delegitimating the decision in a sort of more brute force way.
It's not about what is our intellectual understanding of your argument.
It's just like, look at those results.
That can't be a legitimate outcome.
And I do think there is some element here where...
Um, the court would rather have, um, an incoherent legal explanation for the carve out than, um, face the legitimacy crisis that might occur.
They don't know if it will, but might occur if they had overruled fed independence, Trump had fired everybody else on the board and the market had gone into a tailspin.
Showing 241–260 of 1,295 · page 13 of 65
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