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
And, you know, obviously we're very familiar now, like capital rules.
That's like a big area where the Fed is active.
But the stress test you can think of, actually, as sort of this type of adjudication this body was set up for in 1913.
Expert judgment.
does this large bank have enough capital?
And that was a judgment that Congress felt was quasi-judicial.
So it can't be partisan.
There's due process, but sufficiently technical that it wasn't something you wanted the Article III judges trying to figure out.
It's great that Nathan brought up the science because if you were building the government from scratch –
In light of the experience we're having right now in the second Trump term, you would think that the way we hand out NIH and NSF grants, which is critical to our research universities functioning, should be independent of partisan politics.
But when it was set up, it's just, you know, it's part of the executive branch.
And so norms were undergirding that.
And so no one had looked closely before, you know, at whether that was the right structure.
And so the fact that the Fed had this structure that was like the ICC is somewhat historically contingent at the end of the day.
Trump's a great stress test.
Yeah.
Stress test for the constitutional system.
They have this case called United States versus Rahimi, which is a Second Amendment case.
And this is the crazy thing.
That is now the doctrine that is supporting the carve out.
Showing 61–80 of 1,295 · page 4 of 65
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