John B. Taylor: “The government is involved. It causes all sorts of issues, political. The government is not good at managing private…”

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.

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

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