John B. Taylor: “I don't recommend abolishing the Fed, I would recommend reforming the Fed.”

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

The whole idea of bailouts is that people get advantage and that it creates huge risk-taking and huge moral hazard.

Do you want to live on $7.25 an hour? Try that out.

The powers are almost like a virus in the body politic of municipal democracy.