Political Quotes

John B. Taylor: “The whole idea of bailouts is that people get advantage and that it creates huge risk-taking and huge moral hazard.”

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.
Said by
John B. Taylor
South Carolina

Editor's note · Context

Taylor argues that bailouts increase moral hazard, contrary to common belief.

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

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

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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.

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

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