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>> he says the regulatory authority of congress does not stop with interstate commerce, [unintelligible] can implement the banking activities on behalf of perez? he says that is not part of the commerce clause. ed it is a wonderful question unconstitutional law. >> i think the majority has divided it. i think justice scalia once to collapse this. >> it is not on your and commerce? is that not correct? -- is that not in commerce? >> following the court's lead -- i think there is completion either way with respect to that. it does not particularly matter. but the point that justice sca...

european principle of concentration of power. it does not just the state versus the federal government. it is private philanthropic power as well as civic institutions in the community. >> senator alexander, you talked earlier -- you were trying to steal this away from the debate about left and right. it is important or essential to the distinction of americans. the importance of the cyclical "ill institutions -- will institutions. the fact that we exceed it play out in europe in that way, an empirical example, a does not a theoretical argument, aid debate -- a debate and what makes ...