On the recordMarch 22, 2017
The whole idea of bailouts is that people get advantage and that it creates huge risk-taking and huge moral hazard.
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congress.govThe whole idea of bailouts is that people get advantage and that it creates huge risk-taking and huge moral hazard.
Taylor argues that bailouts increase moral hazard, contrary to common belief.
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More from John B. Taylor
I just do what I believe. And I believe that strong-mayor powers, aside from everything else, are a significantly bad idea.
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.
You want to move this economy faster? How about we stop underinvesting in our Nation's public infrastructure?