17: Obama Chief Economist Austan Goolsbee Explains the Unexplainable: What The Hell Trump is Doing On Trade

The Al Franken Podcast

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4.6 • 7.7K Ratings

🗓️ 3 September 2019

⏱️ 46 minutes

🔗️ Recording | iTunes | RSS

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Summary

Austan Goolsbee, former Obama chief economist, explains that "in a crisis, the president's credibility is all he has." So, someday soon, The New York Times headline may read, "World in Crisis, Turns Its Eyes to Donald Trump." And other scary stuff.

Transcript

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0:00.0	Hi everybody, welcome to the Al Franken podcast. We got a good one today for a change.
0:14.0	Austin Goolsby, who is an economist. That's right. An economist.
0:23.2	Now, I know you're thinking, oh, come on, Al.
0:26.1	I don't care about the economy.
0:30.5	Well, how about putting food on your family's table?
0:34.4	Yeah, I'm more interested in sports, Al.
0:37.2	Well, then you're listening to the wrong podcast. I like sports too. But this is important,
0:40.9	the economy. And Austin Gouldsby is a professor here at the University of Chicago, a very esteemed
0:50.2	business school. And this has amazing history. Milton Friedman, for example, was here, and we don't
0:59.1	like him on the show. We just don't like him. But you are the Robert Gwynn professor here at the
1:07.7	University of Chicago. I am. And you told me he was the Encyclopedia Britannica.
1:13.5	Yeah.
1:13.8	Robert,
1:14.5	Gwyn, he ran the Encyclopedia Britannica company.
1:17.9	And did he die before the internet came?
1:20.8	I think he died well before the internet came along.
1:23.5	Thank God.
1:24.4	But now you got the internet and those encyclopedia companies are history.
1:29.8	But so, okay, so you're the professor here of economics.
1:34.3	So that means you studied economics. I know you got your doctorate at MIT.
1:41.2	I did.
1:42.2	And normally you think MIT, you think physics.
	...

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