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John Taylor, the George P. Shultz Senior Fellow in Economics at the Hoover Institution and the Mary and Robert Raymond Professor of Economics at Stanford University, discusses US fiscal policy, the economy, taxes, and how to reduce the deficits and stimulate growth. (4:10)

Hoover fellows participated in a symposium that used as background the Federal Reserve’s performance leading up to and during the financial crisis of 2007–8, the Great Recession of 2007–9, and the current slow recovery.
The discussion began with presentations by George Shultz, the Thomas W. and Susan B. Ford Distinguished Fellow; Michael Bordo, national fellow 2011–12; Allan Meltzer, distinguished visiting fellow; and John Taylor, the George P. Shultz Senior Fellow in Economics, all at the Hoover Institution. The presentations and the discussion that accompanied them stressed four salient themes: (1) the importance of the Fed having as its sole mandate maintaining long-run price stability;(2) the imperative of having the Fed follow a credible and enforceable rule to maintain price stability; (3) the importance of the Fed’s implementing this rule being accountable to Congress; (4) the importance of restoring the Fed’s independence from the fiscal authorities as soon as possible.

Kori Schake, a research fellow at the Hoover Institution and an associate professor of international security studies at the United States Military Academy, gave a presentation titled the “European Debt Crisis” on Tuesday, February 7, 2012, at the Montelucia Resort and Spa in Paradise Valley, Arizona.

Michael Spence, a senior fellow at the Hoover Institution and the Philip H. Knight Professor Emeritus of Management in the Graduate School of Business at Stanford University, discusses, with Maryam Nemazee on Bloomberg Television's The Pulse, investing in emerging markets and Western Europe and the outlook for the US and European economies in 2012.

John Taylor, the George P. Shultz Senior Fellow in Economics at the Hoover Institution and the Mary and Robert Raymond Professor of Economics at Stanford University, makes the case against excessive government intervention and corporate bailouts on The Street. (3:13)