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…”

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.

The Financial Institution Bankruptcy Act would work better, in my view, as a resolution device than Title II of Dodd-Frank.

This notion is absurd. We cannot simply wish our problems away.

I just do what I believe. And I believe that strong-mayor powers, aside from everything else, are a significantly bad idea.