44: Economist Austan Goolsbee on Guess What? The Economy

The Al Franken Podcast

Government, Progressive, Politics, Senate, Liberal, Senator, Minnesota, Franken, News, Saturday Night Live, Comedy, Snl

4.6 • 7.7K Ratings

🗓️ 20 February 2022

⏱️ 65 minutes

🔗️ Recording | iTunes | RSS

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Summary

Historic Growth, High Inflation, & Strained Supply Chains. Oh, My!

Transcript

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1:00.2	Hey, everybody, we got a great one today. You know, for a change. Austin Goolsby joins me.
1:08.0	This is his third time on the podcast. Austin was the chair of the Council of Economic Advisors under President Obama. Now he's the chairman of the Council of Economic Advisors for the Al Franken podcast. He's also the Robert Gwynne Professor of Economics at the University of Chicago School of Business.
1:29.7	I think it's the Booth School of Business.
1:32.1	We're in a good news, bad news economy.
1:35.1	The economy is growing at its fastest pace since 1984.
1:39.8	Economists tell us that was 38 years ago.
1:42.9	But inflation last year was 7.5 percent, the highest since
1:47.7	1982, which scientists tell us was 40 years ago. Well, we couldn't have anyone better than
1:55.6	Austin Goolsby to explain it all. He is what we call in the podcast business a good talker. Now, I'm taping this
2:03.5	intro the Thursday before we drop it on Sunday. I'm always a little nervous that something big is
2:09.2	going to happen between when I record the monologue and we drop the podcast. But I'm hitting the road
2:14.5	again this weekend for the only former U.S. Senator currently on tour tour.
2:19.6	But boy, we've had a big story this week, Donald Trump's accountants.
2:24.6	For the last 10 years, Mazur's USA, that's the name of the accounting firm, has cut ties with Trump and said that his financial statements for all that time,
	...

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