John B. Taylor: “I sometimes think that government should have more faith in these self-correcting mechanisms.”

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

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

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

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