By Philip Hamburger[*]
In his observations about IRBs, Professor
Richard Epstein makes persuasive arguments about the dangerous reach of the IRB
laws, but he prefaces this policy analysis with a brief excursus into
constitutional law that requires some comment. His view is that the constitutional debate over IRBs arises not so much
from a substantial constitutional problem as from “ingenious arguments.”[1] Yet this
conclusion rests on mistaken assumptions—both about the IRB laws and about the
constitutional objections—and because so much is at stake in the constitutional
question, it is necessary to point out the inaccuracies.

