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Fiscal Follies, Monetary Mischief

Gene Epstein, Barron's Stanford University economics professor John Taylor is perhaps best-known as the creator of the "Taylor Rule,"...

Gene Epstein, Barron's Stanford University economics professor John Taylor is perhaps best-known as the creator of the "Taylor Rule," which seeks to determine the Federal Reserve's interest-rate target according to a simple formula. He has also become an outspoken critic of both fiscal and monetary policy as practiced over recent years. Taylor writes a lively blog called "Economics One," and, early this year, published the book First Principles: Five Keys to Restoring America's Prosperity. Professor Taylor recently sat down with us for an interview at our offices in New York. Read More