John B. Taylor: “The bailout problem is still there. There will be every incentive for the FDIC to provide additional funds to some…”

This discussion about cost-benefit analysis is amazing to me. It is sort of the basic thing you teach students about government policy.

I think it would be a mistake based on the knowledge we have now about how central banks work, and how economies work, to change the dual mandate even when we are in recovery, I think it is the responsible and right thing to do.

Many people for many years have shown that when monetary policy is conducted in a rule-like way, economic performance is better.

Competence in our current VA administration based on this bonus rule has been proven grossly lacking among our current VA handpicked wonder kids.