John B. Taylor: “If you reduce the incentives for firms to invest and expand, you are going to reduce the incentives for them to create…”

The bailout problem is still there. There will be every incentive for the FDIC to provide additional funds to some creditors.

The Congress has laid out a strategy to reduce spending gradually over time. I think moving back off of that would be a mistake.

I don't want to see a future where quantitative easing becomes the new monetary policy

Simply stated, systems monitored by its own department members, no matter the claims of independent watchdog status, do not and will not work.