John B. Taylor: “I believe the idea of broadening the voting responsibility to all the District bank presidents is warranted.”

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

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.

I have become critical of the Federal Reserve policy regarding its unconventional policies, both before the crisis and after.

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