John B. Taylor: “Data certainly suggest that large institutions get this advantage and that it has increased since the financial crisis.”

I have argued that there is a two-sided risk to the quantitative easing in its unwinding.

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

The bailout problem is still there. There will be every incentive for the FDIC to provide additional funds to some creditors.

the effect of this too-big-to-fail affects us even now on a relatively calm day, because the giant banks are getting bigger.