634. “Fault-Finder Is a Minimum-Wage Job”

“挑剔者乃最低工资之职业”

Freakonomics Radio

社会与文化

2025-05-30

1 小时 2 分钟
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Austan Goolsbee, president of the Federal Reserve Bank of Chicago, is less reserved than the average banker. He explains why vibes are overrated, why the Fed’s independence is non-negotiable, and why tariffs could bring the economy back to the Covid era.   SOURCES:Austan Goolsbee, president and chief executive officer of the Federal Reserve Bank of Chicago.  RESOURCES:"Internet Rising, Prices Falling: Measuring Inflation in a World of E-Commerce," by Austan Goolsbee and Peter Klenow (American Economic Association Papers and Proceedings, 2018).Microeconomics, by Austan Goolsbee, Steven Levitt, and Chad Syverson (2012)."Does the Internet Make Markets More Competitive? Evidence from the Life Insurance Industry," by Jeffrey Brown and Austan Goolsbee (Journal of Political Economy, 2002).Survey of Consumers (University of Michigan).Adobe Digital Price Index.  EXTRAS:"Was Austan Goolsbee’s First Visit to the Oval Office Almost His Last?" by People I (Mostly) Admire (2022)."Is $2 Trillion the Right Medicine for a Sick Economy?" by Freakonomics Radio (2020)."Fed Up," by Freakonomics Radio (2019)."Why the Trump Tax Cuts Are Terrible/Awesome (Part 2)" by Freakonomics Radio (2018)."Ben Bernanke Gives Himself a Grade," by Freakonomics Radio (2015)."Should the U.S. Merge With Mexico?" by Freakonomics Radio (2014).
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  • I first met the economist Austin Goolsbee around 20 years ago.

  • I was out at the University of Chicago spending time with another Chicago economist,

  • Steve Levitt, who would become my Freakonomics friend and co-author.

  • Levitt could be shy and soft-spoken.

  • Goolsbee was neither.

  • He was a former debate champion.

  • He had done improvisational comedy.

  • In fact, Goolsbee did a lot of things that most economics professors didn't do.

  • I guess I didn't see him as a heavyweight, exactly.

  • If you had told me back then that Goolsbee would go on to run the Council of Economic Advisors in the Obama White House,

  • which he did,

  • and that he would become president of the Federal Reserve Bank of Chicago,

  • which is his current job, I would have thought you had the wrong guy.

  • But plainly, I'm the one who was wrong.

  • Goolsbee has always been considered a top-tier academic researcher and professor.

  • Temperamentally, he's a hardcore empiricist, but he also has strong opinions.

  • And so, as the Trump White House embarks on an aggressive overhaul of economic policy,

  • I thought it might be a good idea to speak with someone from the Federal Reserve,

  • and I suspected that Goolsbee might be very good.

  • This time, I wasn't wrong, as you'll hear on today's show.