John Taylor vs. Ben Bernanke

The Real Crisis Culprit

Insight on whether monetary policy is not the problem, with John Taylor, Stanford University economics professor.

Was the lack of regulation chiefly to blame for unleashing the housing bubble?

Or was it the Fed's easy money, low interest rate policy?

Joining me to discuss on last night's Kudlow Report was distinguished Stanford economics professor John Taylor, creator of the Taylor Rule.

On CNBC.com:

• Slideshow: How Your Tax Dollars Are Spent

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