Author Archives: Peter Conti-Brown

Peasant Land Ownership: The Context for Maklakov’s Sins of Omission, by Stephen F. Williams

by Peter Conti-Brown — Thursday, Nov. 16, 2017

The following post is from guest blogger Stephen F. Williams, a judge on the US Court of Appeals for the DC Circuit. Yesterday I posted a brief discussion of Maklakov’s failure to seek solutions to the “ad law” problems of the Stolypin land reforms: administration by officials of the ministry of internal affairs who were […]

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Introducing The Reformer: How One Liberal Fought to Preempt the Russian Revolution, by Stephen F. Williams

by Peter Conti-Brown — Monday, Nov. 13, 2017

I’m very pleased to introduce a series of posts this week on the fascinating new book, The Reformer: How One Liberal Fought to Preempt the Russian Revolution, by Stephen F. Williams. Regular readers might wonder why a blog on regulation and administrative law would spend a week on a book about Vasily Maklakov, a somewhat […]

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Janet Yellen, Fed Chair Emerita, Governor Extraordinaire

by Peter Conti-Brown — Thursday, Nov. 9, 2017

With the news that President Trump decided to break decades of tradition in failing to reappoint Janet Yellen, the question now turns to Yellen’s post-Chair fate. Quirks in the governance of the Federal Reserve I’ll describe in a moment mean that her options aren’t just about retirement: although unusual, Yellen could stay at the Fed […]

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The Federal Reserve Circus: What Did We Win, What Did We Lose

by Peter Conti-Brown — Thursday, Nov. 2, 2017

Today, the President is likely to announce Jerome Powell as his pick for Fed Chair. It’s a move that had been telegraphed for the last few days and followed an unusually extended vetting period. The comparisons between President Trump’s personnel processes and Donald Trump’s reality television showmanship are easy to make and just as easy […]

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Does the New Fed Governor Serve at the Pleasure of the President?

by Peter Conti-Brown — Tuesday, Oct. 17, 2017

President Trump and the Senate got within a few days of having four vacancies on the Fed’s Board of Governors, an ignominious milestone that has never occurred in the Fed’s history. I wrote recently in the Wall Street Journal that these vacancies–whether we have four or three or two–are deeply problematic for the Fed. First, […]

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Call for papers – Second Annual Wharton Financial Regulation Conference

by Peter Conti-Brown — Monday, Oct. 16, 2017

Our readers may be interested in this call for papers, with an October 31, 2017 deadline. The Wharton School of the University of Pennsylvania will host the second annual Wharton Financial Regulation Conference, sponsored by the Zicklin Center for Business Ethics Research and the Wharton Financial Institutions Center, on April 19-20, 2018. We issue a […]

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The Fed’s Governance Crisis

by Peter Conti-Brown — Wednesday, Sept. 6, 2017

I’ve written about the relatively new problem of chronic Fed vacancies before (see here), but we’re setting new records. With the just-announced resignation of Vice Chair Stanley Fischer 18 months before his leadership term expired, we face another potential milestone: the first time in the Fed’s history that we have only three sitting Governors. I’ll […]

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Is there a Duty to Serve an Immoral President? A Taxonomy

by Peter Conti-Brown — Friday, Aug. 18, 2017

A few weeks ago, in those bygone days when Sean Spicer reigned in the White House pressroom and Reince Priebus was White House Chief of Staff, I wrote an op-ed called the Case for Janet Yellen. In it, I explained why Janet Yellen should be her own successor at the Fed, for a variety of […]

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Health Care, the Congressional Budget Office, and “Audit the Fed”

by Peter Conti-Brown — Monday, July 31, 2017

There’s no shortage of colorful players in the last round of health care debates. Senators battling kidney and brain cancer, the parliamentarian’s star turn, presidential surrogates and their sideshows, all preceded the ultimately fruitless (until now) effort to repeal the Affordable Care Act. One of the most intriguing institutional players in the debate was the […]

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