Taylor on Fiscal and Monetary Policy

John Taylor talks with host Russ Roberts about the state of the economy and the prospects for recovery. He argues that the design of the fiscal stimulus was ineffective and monetary policy, so-called quantitative easing, has also failed to improve matters. He argues for a return to fiscal, monetary, and regulatory normalcy as the best hope for economic improvement. The conversation concludes with a discussion of the impact of the current crisis on economics education.