John B. Taylor: “I don't want to see a future where quantitative easing becomes the new monetary policy”

A lot of the concerns about too-big-to-fail and the anticipation of bailouts is that it does give advantages to certain institutions.

I think higher capital requirements are a way to get at this problem, and it may be the easiest way.

You don't increase taxes.

I have always believed, along with he and a large number of other economists, that it is right for elected officials to set the goals, and it is wrong for elected officials to interfere with the instruments.