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
The Myers decision was radicalism.
And it was the court striking a sort of wild blow at Congress and at the rule of law to say that the president can just override these statutes.
And Humphrey's executor was walking back something that the court really should have never done.
And what's gotten sort of overlooked, I think, in recent years is the extent to which
these bipartisan multi-member commissions, the Federal Trade Commission, these are lowercase c conservative institutions.
They're meant to stabilize the law, to moderate the law, to prevent polarization, to allow people to make long-term investments.
This is about our capital markets being attractive.
And what we do here is we now mean that every four years you can get a major shift in policy.
You don't see that anywhere.
discussed by the majority in the recent cases or by Taft in 1926.
I think an important part of a context here –
is the post-Volcker shock development in the economics profession of a whole literature that says you need an independent central bank in order to provide monetary stability.
And that literature was very influential.
And the United States government spent
decades, and so did the IMF, going around the world and persuading other countries to change their laws to make their central banks independent of their finance ministries.
And this is somewhat contingent that this literature
created a bit of a dissonance that we were about to say, actually, this thing the United States has been promoting around the world for decades now, it's unconstitutional here in the United States.
This created an incredible dissonance.
It's not to say that nonpartisan communications policy isn't important.
or that legal stability in our capital markets regulation by having a bipartisan commission structure for the SEC isn't important.
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