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

The connection between interest and money is a classic one.

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.

Fiscal policy is certainly a mess right now, and it has to be fixed, or we will be like Europe

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