John B. Taylor

The powers are 'almost like a virus in the body politic of municipal democracy,'

I just do what I believe. And I believe that strong-mayor powers, aside from everything else, are a significantly bad idea.

You don't increase taxes.

This notion is absurd. We cannot simply wish our problems away.

I certainly don't want to--want my grandkids to see the crisis scenario, in which the interest rate on the debt will skyrocket abruptly because investors will no longer have confidence in our government's ability to pay its bills.

The whole idea of bailouts is that people get advantage and that it creates huge risk-taking and huge moral hazard.

The Financial Institution Bankruptcy Act would work better, in my view, as a resolution device than Title II of Dodd-Frank.

It would help prevent bailouts. It would diminish excessive risk-taking.

You want to move this economy faster? How about we stop underinvesting in our Nation's public infrastructure?

Give America a raise, and give more people jobs.

Do you want to live on $7.25 an hour? Try that out.

The connection between interest and money is a classic one.

Bankruptcy reform is essential to addressing the problem of too big to fail.

A clear monetary strategy is essential for good economic performance.

I think the more transparent the Fed can be with respect to its strategy or its operations, the less chance there is for such leaking.

I think higher capital requirements are a way to get at this problem, and it may be the easiest way.

The Congress, through the Banking Committee and the Financial Services Committee, is in a good position--in fact, it is a unique position in our Government--to oversee monetary policy in a strategic sense, not in a tactical sense.

I never imagined any of us would come back home to die directly related to post-combat medical care in our VA hospitals.

Simply stated, systems monitored by its own department members, no matter the claims of independent watchdog status, do not and will not work.

Competence in our current VA administration based on this bonus rule has been proven grossly lacking among our current VA handpicked wonder kids.

This discussion about cost-benefit analysis is amazing to me. It is sort of the basic thing you teach students about government policy.

I would characterize it as they held interest rates too low for too long in that period, and that caused excesses in the housing market.

Many people for many years have shown that when monetary policy is conducted in a rule-like way, economic performance is better.

Central-bank independence is very important, but it doesn't seem to have been enough to prevent these swings towards more interventionist discretionary policy compared to a rules-based policy.