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" 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. "
Austan Goolsbee
Without
Important
Insurance
Related Quotes:
" 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
Impact
Data
Support
" Cutting taxes for very high income people an average of more than $100,000 a year for people that make more than a million dollars a year is not an effective way to get the economy going. "
Austan Goolsbee
Economy
People
Way
" The only question where there is disagreement is should the highest income rates above a quarter million dollars a year go back to where they were under Bill Clinton. That is the dispute about the taxes. "
Austan Goolsbee
Back
Disagreement
Year
" For policy makers interested in using tax policy to stimulate investments or especially to smooth business cycle fluctuations, the results are not promising. "
Austan Goolsbee
Smooth
Tax
Results
" 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
You
Business
People
" 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
Fight
Ohio
People
" 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
People
You
Depression
" 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
You
Work
People
" 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
Me
Looking
Stupid
" So more than 8 million people lost their jobs. It's going to take a significant push on our part and time before that comes down. I don't anticipate it coming down rapidly. "
Austan Goolsbee
Time
Push
Down
" What Disneyland was to my kids at age 10, that's kind of what Chicago is for economists. "
Austan Goolsbee
Kids
Chicago
Disneyland
" It's clear that the medium and long-run fiscal challenges facing the country have to do with the rise of entitlement spending, they have to do with the longer run imbalances that we've created in the structure of the system. "
Austan Goolsbee
Run
System
Challenges
" Look, I don't dispute that the deficit has increased. "
Austan Goolsbee
Deficit
Dispute
Increased
" 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
Internet
Information
I Am
" We've gone through rounds of tax cutting and rounds of tax increases in modern U.S. history. We haven't really had a big igniting of a trade war belligerence since the Depression era, and that's not an era that we want to repeat. "
Austan Goolsbee
History
Depression
War
" Whenever I interview someone for a job, I always ask them whether they want to sit in Bernanke's chair. The only wrong answer is, 'Who's Bernanke?'. "
Austan Goolsbee
Want
Chair
Job
" 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. "
Austan Goolsbee
Small Business
Small
Business
" 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. "
Austan Goolsbee
People
Hotel
Government
" Applying cost-benefit analysis to regulation is no different than what most regulatory agencies do. "
Austan Goolsbee
Than
Most
Different
" 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. "
Austan Goolsbee
Tax
Work
Think
" 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. "
Austan Goolsbee
Small Business
Business
People
" History teaches that the level of unemployment is not as important as whether the rate's going down. "
Austan Goolsbee
Important
Unemployment
Down
" Only Barack Obama consistently opposed NAFTA. "
Austan Goolsbee
NAFTA
Barack Obama
Only
" We know there are a lot of people in the unemployment pool that do not match up in their skill set for what jobs are going to be created, and that's an area we've got to keep pressing on. "
Austan Goolsbee
Know
Skill
Pool