Nathan Tankus

speaker

348 appearances 2 recordings 1 series first heard Feb 2025 last heard 17 Jul

Nathan Tankus’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 1 in all, peaking in Jul 2026 with 1.

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Odd Lots · Lev Menand and Nathan Tankus on Why Fed Independence Is Now Hanging by a Thread · 17 Jul 2026 podcast

And that power is extraordinary high.

Like, there's nothing on the books that can prevent a unitary executive fed from making non-recourse loans where they're putatively accepting it as collateral for Trump coins and just buy Trump coins out.

That, I think, is really a point that really needs to be hammered, which is coming out of the New Deal, certainly partly the progressive era, but especially the New Deal, we kind of had a compact in the 20th century in the United States where we were going to have this expert –

administrative state that was insulated from the president with various removal powers.

Congress would have great power to structure how the federal government worked, how the administrative agencies worked.

But this would be balanced by broad scope for judicial review.

So there'd be a lot of judicial review for actions.

This comes out the Administrative Procedure Act, which I believe is 1946.

And so there was and there are other acts that are around that.

But these are kind of the central thing.

So we created this system.

And at the basic political level, you have to see that this compact, this New Deal legal order was something that the presidentialists, that the burgeoning proto unitary executive theorists hate.

You know, if you listen to people around like the Trump administration, brouhaha and

they talk explicitly about how they want to kill the fourth branch of government, by which they mean the administrative state, that they see this is the big albatross.

Wilson is like the biggest evil for having introduced this.

You really can't underestimate that drive.

And then on the political level, in terms of tech and tech swing to the right, the people who are bringing this presidentialist stuff

are finding a very receptive audience in the newly radicalized right-wing tech world because they were shocked and bewildered by Gary Gensler and Lena Kahn.

And as a result, and they're also all on X, the everything app and cooking themselves in signal group chats.

And they're looking at this and they can't possibly see

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