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John B. Taylor

John B. Taylor

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John B. Taylor, a former under-secretary of the US Treasury (2001-05), is Professor of Economics at Stanford University and a senior fellow at the Hoover Institution. He is the author of Global Financial Warriors and co-author (with George P. Shultz) of Choose Economic Freedom.

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  1. The Fed’s State of Exception
    taylor16_OLIVIER DOULIERYAFP via Getty Images_fed reserve flag OLIVIER DOULIERYAFP via Getty Images

    The Fed’s State of Exception

    Aug 12, 2021 John B. Taylor warns that the central bank’s deviation from monetary-policy rules can’t last indefinitely.

  2. Is the Fed Getting Burned Again?
    taylor15_Brooks KraftGetty Images_fed reserve Brooks Kraft/ Getty Images

    Is the Fed Getting Burned Again?

    Jun 25, 2021 John B. Taylor worries that monetary policymakers have forgotten the lessons of the 1970s and 1980s.

  3. The Stimulus Didn’t Work, Again
    taylor14_JJ GouinGetty Images_UScovidstimuluscheck JJ Gouin/Getty Images

    The Stimulus Didn’t Work, Again

    Jun 2, 2021 John B. Taylor shows that a year of economic impact payments had no meaningful impact on household consumption.

  4. America’s Excessive Government Spending Must Stop
    shultz2_Liu JieXinhua via Getty Images_federal reserve Liu Jie/Xinhua via Getty Images

    America’s Excessive Government Spending Must Stop

    Feb 23, 2021 George P. Shultz, et al. argue that US policymakers' fiscal recklessness is creating grave economic and national-security risks.

  5. The Stampede from Silicon Valley
    taylor13_Smith CollectionGadoGetty Images_zoom hq Smith Collection/Gado/Getty Images

    The Stampede from Silicon Valley

    Dec 28, 2020 John B. Taylor explains how California policymakers can reverse the growing stampede of tech firms out of the state.

  1. sierakowski91_Omar MarquesGetty Images_ukrainian refugees Omar Marques/Getty Images
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    Resentment on the Western Front

    Sławomir Sierakowski thinks the Polish public needs a more open and honest conversation about refugees before resentment spirals.
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    Crypto’s Well-Worn Path to Crisis

    Xavier Vives writes that, despite the novelty of the assets, the narrative of FTX’s collapse was established long ago.
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    The Unavoidable Crash

    Nouriel Roubini anticipates a stagflationary debt crisis, owing to a dangerous combination of inflation and over-borrowing.
  4. nye236_SAUL LOEBAFP via Getty Images_biden xi SAUL LOEB/AFP via Getty Images
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    War Over Taiwan?

    Joseph S. Nye, Jr. considers whether a deterrence arrangement that has worked for 50 years is still sufficient.
  5. op_livingston1_Anna MoneymakerGetty Images_fed Anna Moneymaker/Getty Images
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    The Contested Fed

    James Livingston

    By all accounts, central banks – particularly the Fed, because the dollar is still the world’s dominant currency – already act as investment authorities. But their recent bailouts have exacerbated economic inequality, and have done little or nothing to address climate change.

     reviews three books that, each in its own way, reveal a central truth about the world’s leading central bank.
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    The Economics of Mainstreaming Climate Action

    Jean Pisani-Ferry & Selma Mahfouz identify the risks and short-term costs associated with the energy transition over the next decade.
  7. haldar15_ Tayfun CoskunAnadolu Agency via Getty Images_twitter Tayfun Coskun/Anadolu Agency via Getty Images
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    Killing Twitter

    Antara Haldar explains what Elon Musk fundamentally misunderstands about the platform – and about free speech.
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    The Napoleons of Big Tech

    Bill Emmott

    Recent events in the technology sector suggest that investors and lenders should be demanding a premium to cover the risk that a star entrepreneur will become an egomaniacal dictator. With each business cycle, it seems, old lessons must be relearned.

     sees in the industry’s harsh reckoning this year lessons that apparently can’t be learned often enough.
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    The Crypto Emperor’s New Clothes

    The collapse of several crypto platforms this year – including the spectacular crash of the second-largest cryptocurrency exchange, FTX – has raised fundamental questions about the credibility of a digital innovation once hailed as the key to democratizing finance. Has crypto finally been exposed as a scam, or will a new, stronger crypto industry emerge from the current turmoil?

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