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Lev Menand is an associate professor of law at Columbia University Law School and writes widely on legal issues surrounding the Federal Reserve. Lev rejoins Macro Musings to talk about his new book titled, *The Fed Unbound: Central Banking in a Time of Crisis.* Specifically, David and Lev discuss why the Fed can be considered unbound, the history of the Fed\\u2019s engagement with the shadow banking system, and Lev\\u2019s solutions for reform.
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Transcript for the episode can be found here.
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Lev\\u2019s Twitter: @LevMenand
Lev\\u2019s Columbia Law profile
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David\\u2019s Twitter: @DavidBeckworth
Follow us on Twitter: @Macro_Musings
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Related Links:
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*The Fed Unbound: Central Banking in a Time of Crisis* by Lev Menand
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*Unappropriated Dollars: The Fed\\u2019s Ad Hoc Lending Facilities and the Rules That Govern Them* by Lev Menand
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