Kenneth E. Scott is a senior research fellow and the Ralph M. Parsons Professor of Law and Business Emeritus at Stanford University Law School. He is an expert in public regulation of banking institutions, corporation law, and securities law. George P. Shultz is the Thomas W. and Susan B. Ford Distinguished Fellow at the Hoover Institution, and has had a distinguished career in government, in academia, and in business. John B. Taylor is the Bowen H. and Janice Arthur McCoy Senior Fellow at the Hoover Institution and the Mary and Robert Raymond Professor of Economics at Stanford University. He has served as the director of the Stanford Institute for Economic Policy Research and was founding director of Stanford's Introductory Economics Center.