There is a certain irony to the fact that John Taylor, he of the infamous 'Taylor Rule' policy tool, conjures Hayek and the need for policy-makers to base decisions on 'rules' as opposed to the whim of short-termist solutions and band-aids. In an excellent discussion starting from Hayek and the foundations of Austrian economics 'rules-based-policy', Santelli and Taylor opine that 'policy must be more predictable' as fiscal cliffs, monetary uncertainty, and policy confusion weighs on both sentiment and businesses willingness (or ability) to make plans. Critically, they point out the dilemma that the short-cuts to solve immediate problems are in and of themselves unpredictable and so a longer-term rules-based strategy - which empirically has led to re-election (which may come as a surprise to many who see palliatives as populist vote-buying) - is a far better solution both politically and economically. The two go on to discuss the inability (or unwillingness) to enforce existing legislation (as opposed to new regulatory pressures) and the Hakeyian suggestion that those in power feel the need to do something different (or 'fine-tune') as opposed to enforce and continue strong rules-based policy which leads to short-term 'confusing' interventions.