American - Public | August 18, 1969 -
Research professors don't watch a whole lot of TV.
Austan Goolsbee
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I get massive invective, massive abuse, via email, phone messages, and Twitter. From people way, way to the right of center - scary, abusive kind of stuff. Really freaks out my assistant and my wife. Hate-filled.
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There's a certain kind of academic that comes to Washington and can't survive. They're the ones starting each sentence with 'The economic model says.'
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If you're going to be an academic who's involved in the world of policy, you have to be involved in the world that exists.
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I was always a data guy, not a theorist. Theorists can maintain total purity. The data are always messy.
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I don't see why anybody's playing chicken with the debt ceiling.
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If it was up to me, I would have put more money into the state fiscal relief.
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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.
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When the Internet first appeared, this heated debate developed among economists. One side said the Internet will make it easier for companies to price-discriminate, and it'll be fabulously profitable.
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Trade has helped the economy grow. Simultaneously, a sizable number of Americans haven't shared in that bounty, and if we don't pay attention to their concerns, all the political favor for open markets will dry up.
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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.'
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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.
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