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.
Expressing concern about the long-term effects of national debt on future generations.
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More from John B. Taylor
The whole idea of bailouts is that people get advantage and that it creates huge risk-taking and huge moral hazard.
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.
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