John B. Taylor: “It was tremendously successful not only in getting inflation down, but getting unemployment down and getting economic…”

The Congress, through the Banking Committee and the Financial Services Committee, is in a good position--in fact, it is a unique position in our Government--to oversee monetary policy in a strategic sense, not in a tactical sense.

The connection between interest and money is a classic one.

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

The Congress has laid out a strategy to reduce spending gradually over time. I think moving back off of that would be a mistake.