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
A lot of the concerns about too-big-to-fail and the anticipation of bailouts is that it does give advantages to certain institutions.
Data certainly suggest that large institutions get this advantage and that it has increased since the financial crisis.
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