
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.
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.
Aug 12, 2021 John B. Taylor warns that the central bank’s deviation from monetary-policy rules can’t last indefinitely.
Jun 25, 2021 John B. Taylor worries that monetary policymakers have forgotten the lessons of the 1970s and 1980s.
Jun 2, 2021 John B. Taylor shows that a year of economic impact payments had no meaningful impact on household consumption.
Feb 23, 2021 George P. Shultz, et al. argue that US policymakers' fiscal recklessness is creating grave economic and national-security risks.
Dec 28, 2020 John B. Taylor explains how California policymakers can reverse the growing stampede of tech firms out of the state.
Some have long argued that private digital money and the technology underpinning it will revolutionize finance in the long term. But with Bitcoin plunging, stablecoins collapsing, and crypto lenders freezing withdrawals, we asked PS commentators whether the industry has a future.