Austan Goolsbee

Economist

1969-08-18

Austan Goolsbee is an American economist who served as chair of the Council of Economic Advisers and later became president of the Federal Reserve Bank of Chicago. He is known for work on public policy and economic analysis.

Books by Austan Goolsbee

Microeconomics
View on Amazon

As an Amazon Associate we earn from qualifying purchases.

Quotes by Austan Goolsbee

If a lobbyist sets up shop, or a lawyer, in which they're receiving income through what is something like a tax loophole so that it's not counting as corporate income, that is what this is counting as a small business.
Read quote
The share of income that small business people are paying in taxes is the lowest it has been in 65 years - since Obama has cut taxes 18 or 22 times for small business.
Read quote
We enter the government essentially in a hotel that is on fire. We're throwing people from the windows into the pool to save their lives and this is the evaluation of the Olympic diving committee: Well, the splash was too big.
Read quote
The U.S. fiscal union has worked, in no small part, by enabling subsidies to the Mississippis without requiring the approval of the Minnesotas. It creates an important form of insurance.
Read quote
The president is 100 percent for extending the tax cuts for 98.7 percent of small businesses.
Read quote
I don't believe, the president doesn't believe, that the high income tax cuts work, period. I don't think the evidence supports that.
Read quote
The data does not support that high-income tax cuts are the main drivers of growth, so I don't think that uncertainty over what the tax rate will be for someone that makes a million dollars a year has that big an impact on the economic growth rate in the country.
Read quote
When Texans suffered from the collapse of the oil market in the 1980s, they could rely on the fiscal union to help them. When Texas boomed with rising oil prices in the 2000s, it contributed to the union to help harder hit regions.
Read quote
I always felt my role was like the pit crew in a NASCAR race, and President Obama was Dale Jr.- he's driving, and my job is to change the tires and get him back on the road.
Read quote
In Michigan, in the mid-'80s, the unemployment rate goes way up because a lot of factories shut down. And then, the mid-2000s, to pick a date, the unemployment rate in Michigan isn't that much higher than in the rest of the country. But the main way that happened is people moved.
Read quote
Giving Northern Europe a veto over Southern Europe's budgets will not hold a monetary union together. The euro zone will continue to need the weaker countries to stomach decades of high unemployment to grind down wages.
Read quote
My impression is the Trump administration is in imminent danger of violating the gunfighter's credo, which is 'Do not pick seven fights if you are carrying a six shooter.'
Read quote
There were 14,000 people at the rally for the president in Ohio. There were another 8,000 people in Virginia. If all 22,000 of those people opened their wallets and gave $1,000 each, that would be less than one donation from a billionaire to the super PACs. And that's why he's in for the fight of his life.
Read quote
When I was at MIT, they had a beta test of Mosaic, the first popular browser. I remember looking at it, and there was a weather map or something. Now, in fairness to me, there weren't any websites then. But I remember saying, 'This is stupid - what's the point?' Now, of course, it's obvious.
Read quote