Peter Wallison, senior fellow at the American Enterprise Institute and author of Hidden in Plain Sight: What Really Caused the World's Worst Financial Crisis and Why It Could Happen Again and Judicial Fortitude: The Last Chance to Rein In the Administrative State (Encounter Books, 2018), argues that the executive branch has encroached on Congressional powers, plus looks back at lessons learned from the 2008 global financial crisis.
Peter Wallison: "We have to preserve our democracy, where the rules are made by Congress...it's not an anti-regulation position." But "we should not consider regulation to be an unalloyed good."
— Brian Lehrer Show (@BrianLehrer) September 17, 2018The problem with authorization to the EPA is that it's "extremely open-ended." It means regulators have all the power to decide who pays, who bears the burdens - Congress should decide this, says Peter Wallison. pic.twitter.com/EhGLsPEChc
— Brian Lehrer Show (@BrianLehrer) September 17, 2018Peter Wallison acknowledges that a lot of people LIKE what our administrative agencies, like the EPA, are doing -but that's not democratic. He points out the employees there are not elected.
— Brian Lehrer Show (@BrianLehrer) September 17, 2018