Quotes by Austan Goolsbee - Page 2

I am a data hound and so I usually end up working on whatever things I can find good data on. The rise of Internet commerce completely altered the amount of information you could gather on company behavior so I naturally drifted toward it.
Austan Goolsbee / Economist
Altered
Commerce
Data
Information
Internet
Rise
Naturally
Drifted
Gather
Hound
Toward
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A lot more people are willing to invest in bonds denominated in euros. And there was the fiscal discipline argument, which is that this tied the hands of countries the market hasn't always trusted, which also helped them borrow at low rates.
Austan Goolsbee / Economist
Discipline
Tied
Trusted
Willing
Always Willing People
Bonds
Borrow
Invest
Countries
Fiscal
Helped
Low
Market
More People
Rates
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This recession is the deepest in our lifetimes, the deepest since 1929. If you take the people thrown out of work in the 1982 recession, the 1991 recession, the 2001 recession, not only is this bigger, this is bigger than all of those combined.
Austan Goolsbee / Economist
Bigger
Thrown
Combined
Lifetimes
Recession
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That is what happened in 2010. The administration and the leadership of the Republicans thought, 'Well, we're making a deal together; we're showing the world things can be done in a bi-partisan way. We're extending all our tax cuts for two years.'
Austan Goolsbee / Economist
Administration
Extending
Tax Cuts
Cuts
Republicans
Showing
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All I'll say is if you look at countries where it is - where they are rapidly growing, they're investing in their infrastructure. They're investing in their educations. They are trying to streamline regulations, but they're not neglecting key investments.
Austan Goolsbee / Economist
Infrastructure
Investing
Educations
Neglecting
Rapidly
Regulations
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I believe - I'm not a political expert, but I believe there is a broad consensus, a middle ground if you will, that Democrats and Republicans, business people and workers can agree on, to get this - the economy growing faster, getting people back to work.
Austan Goolsbee / Economist
Agree
Believe
Consensus
Faster
Middle Ground
People
Political
Workers
Broad
Business People
Democrats
Democrats And Republicans
Republicans
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I think actually the American people are pretty realistic. In polls they ask what do you think of the president's policies. Is he on the right track? They say yes. They ask them how long will it take for the economy to recover. And people are saying two years.
Austan Goolsbee / Economist
Thinking
Two
Years
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I can't remember exactly, but the White House is not keen on people going on Fox News. It's my view that while people in the administration feel that Fox News doesn't give them a fair shake, the fact of the matter is there are a lot of people who watch Fox News.
Austan Goolsbee / Economist
Administration
Fox News
White House
Fair Shake
Fox
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If you had asked people in 1929, 'Here is what is about to happen. How much would you pay to avoid the Great Depression from occurring?' The answer is they would have paid a lot. They would have borrowed money if it could be used to prevent the Great Depression.
Austan Goolsbee / Economist
Depression
Borrowed
Great Depression
Paid
Money Great People
Asked
Avoid
How Much
Prevent
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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.
Austan Goolsbee / Economist
Data
Dollars
Drivers
Economic Growth
Impact
Million Dollars
Rate
Tax Cuts
Uncertainty
Tax
Cuts
Growth Rate
Tax Rate
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I'm pretty happy not to be an insider anymore. There's just no common ground. I don't know if it's distrust or that the politics is substantially more partisan than the public. But there's no pressure to make a grand bargain on fiscal matters, on growth, on anything.
Austan Goolsbee / Economist
Common
Common Ground
Distrust
Growth
No Pressure
Pressure
Anymore
Bargain
Matters
Fiscal
Grand
Insider
Partisan
Substantially
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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.
Austan Goolsbee / Economist
Factories
Michigan
Rate
Unemployment
Unemployment Rate
Date
Shut
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If you look at the Greek economic record, it's been very similar to the U.S. experience in the first four years of the Great Depression. And after having a Depression-sized event, they've cut the unit-labor cost in Greece - they've closed something like half the gap with Germany.
Austan Goolsbee / Economist
Depression
Germany
Great Depression
Greece
Experience Great Look
Closed
Event
Gap
Similar
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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.
Austan Goolsbee / Economist
Beta
Fairness
Mit
Obvious
Weather
Browser
Map
Mosaic
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One of the most interesting things that I'm seeing of the Trump picks is such a heavy business and financial focus. I can't help but feel like this is going to throw a lot of policy weight and details back to Congress, because these are not people who have a lot of experience drafting legislation.
Austan Goolsbee / Economist
Drafting
Heavy
Interesting Things
Legislation
Picks
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At the time of the formation of the euro, I would say most American economists said that's not a good idea; that's not a currency area that makes sense. And the answer from Europe was, 'How is Missouri and Mississippi a currency area?' But the flaw in that was not recognizing the importance of mobility.
Austan Goolsbee / Economist
Currency
Euro
Formation
Importance
Mississippi
Mobility
Recognizing
Economists
Flaw
Good Idea
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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.
Austan Goolsbee / Economist
Billionaire
Donation
Ohio
Virginia
Life Fight People
Opened
Rally
Super
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Absent geopolitical crises, the role of government policy isn't as big as people think in the short run. In the immediate term, the potential to ignite an escalating trade war without really intending to ought to be high on our list of US dangers as should dangers of popping credit bubbles either internationally or here at home.
Austan Goolsbee / Economist
Running
Home
War
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