John B. Taylor: “It would help prevent bailouts. It would diminish excessive risk-taking.”

A lot of the concerns about too-big-to-fail and the anticipation of bailouts is that it does give advantages to certain institutions.

The whole idea of bailouts is that people get advantage and that it creates huge risk-taking and huge moral hazard.

I have become critical of the Federal Reserve policy regarding its unconventional policies, both before the crisis and after.

the key to being a successful business ought to be a successful business, not covering yourself by being well-connected.