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's engagement with the shadow banking system, and Lev's solutions for reform.

Transcript for the episode can be found here.

Lev's Twitter: @LevMenand

Lev's Columbia Law profile

David's Twitter: @DavidBeckworth

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Related Links:

*The Fed Unbound: Central Banking in a Time of Crisis* by Lev Menand

*Unappropriated Dollars: The Fed's Ad Hoc Lending Facilities and the Rules That Govern Them* by Lev Menand