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As president, to oversee the executive branch, which includes the department of justice. what's your response to that? >> i completely disagree with that. i've seen that theory voiced by rudy giuliani and others that, well, he's in charge of the executive branch, he can do whatever he wants. the counterexample i give is this, what if the president offered to get rid of investigations for $20,000 each. what if he put out a tweet that said, under investigation? send me $20,000, i would make it go away. obviously, that would be a crime and that would be bribery. i don't think anyone would defend ...

Implication there? what is the lasting impact? >> i think the lasting impact of this is very dangerous, is how i would put it. essentially the fed has worked over the decades, and this is a multi-decade project to establish credibility and show they are politically independent and not swayed by the day-to-day considerations, politics of the next upcoming election, and that is critically important for price stability and growth. if you want to look at a useful counter example, look at places like venezuela or argentina or italy or other places where politicians have control of the printing pres...

Counterexample. we look at what david hogue and the parkland students have done with mayors for our lives have done. we saw a 10% increase in student turnout in florida. there was a ground game. it was organized. we know young folk got them to get over the top. the question is not whether or not these folks are activated. the question is what are they doing to organize. >> that is exactly right. the question is how do you get them from that bus stop into the polling place because you talk about this all the time. unless it's in front of your face, particularly for young people, they're not goi...

What has to be made is a counterexample that if you pervert a process like this, if you provide false information to a senate committee as joe said, you need to be prosecuted and i would go a step further and say if there were people behind you who put you up to it, they need to be investigated as well. >> laura: that means donors, any emails that have been deleted or texts that have been deleted. >> lawyers. >> laura: lawyers. lawyers were not acting as lawyers but as activists. that attorney-client privilege would welcome melt away pretty. love to have you on a whole hour. >> this agreement ...

Example was him and what has to be made ise a counter example if you pervert a process like this, if you provide false information to a senate committee, as joe said, you need to be prosecuted. i would go a step further and say if there were people behind you who put you up to it, they need to be investigated, as well. >> that means donors, any e-mails that have been deleted or textse that have been delete. people you've. consulted with. >> lawyers. >> people acting not as lawyers but activists. that attorney client privilege would melt away pretty fast in that was a crime fraud. >>en doesn't ...