Justia columnist, George Washington law professor, and economist Neil Buchanan argues that calls for the abolition of the Fed, and a return to the gold standard, are misguided. While Buchanan’s views on the Occupy Wall Street protests are mostly positive, he suggests that the movement would be better off dropping its anti-Fed rhetoric. While the Fed has its flaws, Buchanan argues, its role in our economy is vital and its track record is far, far stronger than that of the gold standard—which has proven historically to be a disaster. Buchanan notes that the Fed is unpopular in part because it is undemocratic, but he explains two key reasons why it needs to be that way. He also explains why attacks on the Fed often come from the left (for instance, from Occupy Wall Street), rather than the right (with the exception of Ron Paul). Yet, over its history, Buchanan argues, the Fed has actually done most things right, and thus, while the left’s critique of the Fed makes some valid points, it is very overstated. In addition, Buchanan contends that it is not the Fed, but rather Congress and the White House, that should be blamed for the failure to remedy the economy’s current course—and that the adoption of the gold standard would only make our current situation much worse, and ironically, would lead to the creation of a “Gold Fed.”
In this column, Justia columnist and Hofstra law professor Joanna Grossman winds up her two-part series on the rights of posthumously conceived children. (Such children are born after their father has passed away, and their mother has used his previously preserved sperm to become pregnant.) With both inheritances and Social Security benefits at issue, there are potentially high stakes in this area of law. In this column, Grossman covers the different answers that various state and federal courts have given to the question whether posthumously conceived children have the same rights to inherit from their fathers, and to receive Social Security “surviving child” benefits as a result of their fathers’ deaths, that other children have. Grossman also notes that not just a number of courts, but also twelve state legislatures, have addressed this issue, and explains the conclusions they have reached.
Justia columnist and Cornell law professor Michael Dorf comments on the ongoing controversy over the fate of the U.S. Post Office. Dorf describes the causes of the Post Office’s troubled state; considers the pros and cons of a possible plan by which Congress would subsidize the Post Office; describes what such a plan could look like in practice; and notes the virtues of opting for a stopgap solution now in light of the reality that long-term forecasts show that the end of the Post Office is ultimately inevitable.
Justia columnist and Hunter Human Rights Program Director Joanne Mariner suggests an answer to the following question: Ten years after the terrorist attacks that were said to have “changed everything,” what has actually changed in the protection of human rights, and how did these changes take place? Mariner isolates five distinct periods of government policy, as it has evolved over the post-9/11 years: (1) the directly post-9/11 era of unchecked abuses (especially by the CIA), which was sparked by the post-9/11 Bush Administration claim that the U.S. was waging a war on terror; (2) the era of retrenchment and reassertion, when the Bush Administration was put on the defensive; (3) the attempt, during the last years of the Bush Administration, to establish a legal foundation for its “war on terror” actions; (4) the initial, but short-lived, Obama Administration push to reverse the Bush Administration's approaches; and (5) the current Obama Administration policy era—when, Mariner contends, because President Obama has a more liberal image and generally more liberal politics, he can not only adopt certain abusive policies, but he can also normalize them in a way that President Bush never could have done.
Justia columnist and Hofstra law professor Joanna Grossman discusses a decision from the U.S. Court of Appeals for the Eighth Circuit, which raises a fascinating question stemming from modern reproductive technology: Is a child deemed to be legally related to her biological father if she was conceived after he died? The question proves to be crucial when it comes to Social Security and inheritance benefits. Grossman sets forth the facts of the Eighth Circuit case, which involved Social Security benefits; covers some new complications in the law of parentage; and explains why the Eighth Circuit, in the case before it, ultimately ruled against the child and her mother.
Justia columnist, George Washington law professor, and economist Neil Buchanan responds to a recent New York Times editorial by Laurence Tribe regarding the constitutionality of the federal government's debt ceiling. Tribe contended that the limit is constitutional; Buchanan contends that it is not. In his column, Buchanan summarizes and responds to Tribe's arguments regarding the key constitutional provision at issue, the Public Debt Clause.
Justia columnist, George Washington University law professor, and economist Neil H. Buchanan comments on the current situation regarding the federal debt limit, considers how it could be resolved, and notes that President Obama could take a constitutional stand in order to resolve the impasse. Buchanan begins by explaining for readers what the debt limit is and why it is important now; explains why the debt-limit law that set the ceiling was never necessary in the first place; describes the potentially very grave consequences of passing the debt-limit ceiling with that law in place, as it is now; and contends that our current game of political “chicken” regarding the debt limit is dangerous indeed. He then describes a possible constitutional solution that President Obama could opt for, based on arguments that the debt limit is illegitimate and void as a matter of constitutional law. Finally, Buchanan explains why, even if the debt limit were to be removed from the picture, an underlying, related problem with the political process would still remain.