---
title: "69 Austan Goolsbee Quotes - Famous Economist (Microeconomics)"
description: "Austan Dean Goolsbee is an American economist. He is the president of the Federal Reserve Bank of Chicago and the Robert P. Gwinn Professor of Economics..."
image: "https://sms4smile.com/quotes/wp-content/uploads/sms4s/authors/processed/b004/author-austan-goolsbee-15711.jpg"
---

![Portrait of Austan Goolsbee](https://sms4smile.com/quotes/wp-content/uploads/sms4s/authors/processed/b004/author-austan-goolsbee-15711.jpg)

# Austan Goolsbee

(1969)   Economist

 **69** quotes in **427** categories

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Austan Goolsbee is an economist, best known for *Microeconomics*.

## Quick Facts About Austan Goolsbee

Born August 18, 1969

Profession Economist

Notable works Microeconomics

## About Austan Goolsbee

Austan Dean Goolsbee is an American economist. He is the president of the Federal Reserve Bank of Chicago and the Robert P. Gwinn Professor of Economics at the University of Chicago's Booth School of Business. He was the chairman of the Council of Economic Advisers from 2010 to 2011 and a member of President Barack Obama's cabinet. He served as a member of the Chicago Board of Education from 2018 to 2019.

##  Quotes by Austan Goolsbee

> [Research professors don't watch a whole lot of TV.](https://sms4smile.com/quotes/austan-goolsbee/research-professors-don-t-watch-a-whole-lot-of-tv/)

[Austan Goolsbee](https://sms4smile.com/quotes/author/austan-goolsbee/)

[Professors](https://sms4smile.com/quotes/about/professors/)

[Image](https://sms4smile.com/quotes/i/f86/austan-goolsbee-9855_professors_research-professors-don-t-watch-a-whole_2034823.jpg)

> [I was named DC's funniest celebrity.](https://sms4smile.com/quotes/austan-goolsbee/i-was-named-dc-s-funniest-celebrity/)

[Austan Goolsbee](https://sms4smile.com/quotes/author/austan-goolsbee/)

[Celebrity](https://sms4smile.com/quotes/about/celebrity/)

[Image](https://sms4smile.com/quotes/i/0b8/austan-goolsbee-9855_celebrity_i-was-named-dc-s-funniest-celebrity-2020_2020024.jpg)

> [Only Barack Obama consistently opposed NAFTA.](https://sms4smile.com/quotes/austan-goolsbee/only-barack-obama-consistently-opposed-nafta/)

[Austan Goolsbee](https://sms4smile.com/quotes/author/austan-goolsbee/)

[Barack obama](https://sms4smile.com/quotes/about/barack-obama/)

[Image](https://sms4smile.com/quotes/i/894/austan-goolsbee-9855_barack-obama_only-barack-obama-consistently-opposed-n_205856.jpg)

> [Look, I don't dispute that the deficit has increased.](https://sms4smile.com/quotes/austan-goolsbee/look-i-don-t-dispute-that-the-deficit-has-increased/)

[Austan Goolsbee](https://sms4smile.com/quotes/author/austan-goolsbee/)

[Deficit](https://sms4smile.com/quotes/about/deficit/)

[Image](https://sms4smile.com/quotes/i/c60/austan-goolsbee-9855_deficit_look-i-don-t-dispute-that-the-deficit-ha_1563488.jpg)

> [I'm not afraid to take a punch.](https://sms4smile.com/quotes/austan-goolsbee/i-m-not-afraid-to-take-a-punch/)

[Austan Goolsbee](https://sms4smile.com/quotes/author/austan-goolsbee/)

[Afraid](https://sms4smile.com/quotes/about/afraid/)

[Image](https://sms4smile.com/quotes/i/e7e/austan-goolsbee-9855_afraid_i-m-not-afraid-to-take-a-punch-2330036_2330036.jpg)

> [The debt ceiling is not something to toy with.](https://sms4smile.com/quotes/austan-goolsbee/the-debt-ceiling-is-not-something-to-toy-with/)

[Austan Goolsbee](https://sms4smile.com/quotes/author/austan-goolsbee/)

[Ceiling](https://sms4smile.com/quotes/about/ceiling/)

[Image](https://sms4smile.com/quotes/i/aa7/austan-goolsbee-9855_ceiling_the-debt-ceiling-is-not-something-to-toy_2058189.jpg)

> [Koch Industries is a multibillion-dollar business.](https://sms4smile.com/quotes/austan-goolsbee/koch-industries-is-a-multibillion-dollar-business/)

[Austan Goolsbee](https://sms4smile.com/quotes/author/austan-goolsbee/)

[Business](https://sms4smile.com/quotes/about/business/)

[Image](https://sms4smile.com/quotes/i/d88/austan-goolsbee-9855_business_koch-industries-is-a-multibillion-dollar_2612437.jpg)

> [If Democrats don't go on Fox News, it doesn't mean that people stop watching.](https://sms4smile.com/quotes/austan-goolsbee/if-democrats-don-t-go-on-fox-news-it-doesn-t-mean-that-people-stop/)

[Austan Goolsbee](https://sms4smile.com/quotes/author/austan-goolsbee/)

[Democracy](https://sms4smile.com/quotes/about/democracy/)

[Image](https://sms4smile.com/quotes/i/46d/austan-goolsbee-9855_democracy_if-democrats-don-t-go-on-fox-news-it-doe_960444.jpg)

> [History teaches that the level of unemployment is not as important as whether the rate's going down.](https://sms4smile.com/quotes/austan-goolsbee/history-teaches-that-the-level-of-unemployment-is-not-as-important-as/)

[Austan Goolsbee](https://sms4smile.com/quotes/author/austan-goolsbee/)

[Down](https://sms4smile.com/quotes/about/down/)

[Image](https://sms4smile.com/quotes/i/f37/austan-goolsbee-9855_down_history-teaches-that-the-level-of-unempl_1396172.jpg)

> [Yes, prices go up in health care. They have been doing so for 80 straight years.](https://sms4smile.com/quotes/austan-goolsbee/yes-prices-go-up-in-health-care-they-have-been-doing-so-for-80/)

[Austan Goolsbee](https://sms4smile.com/quotes/author/austan-goolsbee/)

[Care](https://sms4smile.com/quotes/about/care/)

[Image](https://sms4smile.com/quotes/i/658/austan-goolsbee-9855_care_yes-prices-go-up-in-health-care-they-hav_3051638.jpg)

> [I was always a data guy, not a theorist. Theorists can maintain total purity. The data are always messy.](https://sms4smile.com/quotes/austan-goolsbee/i-was-always-a-data-guy-not-a-theorist-theorists-can-maintain-total/)

[Austan Goolsbee](https://sms4smile.com/quotes/author/austan-goolsbee/)

[Always](https://sms4smile.com/quotes/about/always/)

[Image](https://sms4smile.com/quotes/i/121/austan-goolsbee-9855_always_i-was-always-a-data-guy-not-a-theorist-t_1665890.jpg)

> [They set a low bar for Donald Trump, and he banged his head on it.](https://sms4smile.com/quotes/austan-goolsbee/they-set-a-low-bar-for-donald-trump-and-he-banged-his-head-on-it/)

[Austan Goolsbee](https://sms4smile.com/quotes/author/austan-goolsbee/)

[Bar](https://sms4smile.com/quotes/about/bar/)

[Image](https://sms4smile.com/quotes/i/49e/austan-goolsbee-9855_bar_they-set-a-low-bar-for-donald-trump-and_3043422.jpg)

> [If it was up to me, I would have put more money into the state fiscal relief.](https://sms4smile.com/quotes/austan-goolsbee/if-it-was-up-to-me-i-would-have-put-more-money-into-the-state-fiscal/)

[Austan Goolsbee](https://sms4smile.com/quotes/author/austan-goolsbee/)

[Fiscal](https://sms4smile.com/quotes/about/fiscal/)

[Image](https://sms4smile.com/quotes/i/4ec/austan-goolsbee-9855_money_if-it-was-up-to-me-i-would-have-put-more_1925623.jpg)

> [The president is 100 percent for extending the tax cuts for 98.7 percent of small businesses.](https://sms4smile.com/quotes/austan-goolsbee/the-president-is-100-percent-for-extending-the-tax-cuts-for-98-7/)

[Austan Goolsbee](https://sms4smile.com/quotes/author/austan-goolsbee/)

[Business](https://sms4smile.com/quotes/about/business/)

[Image](https://sms4smile.com/quotes/i/480/austan-goolsbee-9855_business_the-president-is-100-percent-for-extendi_132454.jpg)

> [What Disneyland was to my kids at age 10, that's kind of what Chicago is for economists.](https://sms4smile.com/quotes/austan-goolsbee/what-disneyland-was-to-my-kids-at-age-10-that-s-kind-of-what-chicago/)

[Austan Goolsbee](https://sms4smile.com/quotes/author/austan-goolsbee/)

[Age](https://sms4smile.com/quotes/about/age/)

[Image](https://sms4smile.com/quotes/i/019/austan-goolsbee-9855_age_what-disneyland-was-to-my-kids-at-age-10_2072545.jpg)

> [To the extent that the Trump administration doesn't like a strong dollar, something has got to give, and just yelling at other…](https://sms4smile.com/quotes/austan-goolsbee/to-the-extent-that-the-trump-administration-doesn-t-like-a-strong/)

[Austan Goolsbee](https://sms4smile.com/quotes/author/austan-goolsbee/)

[Customer](https://sms4smile.com/quotes/about/customer/)

[Image](https://sms4smile.com/quotes/i/c05/austan-goolsbee-9855_dollar_to-the-extent-that-the-trump-administrat_1918424.jpg)

> [This recession is the deepest in our lifetimes, the deepest since 1929. If you take the people thrown out of work in…](https://sms4smile.com/quotes/austan-goolsbee/this-recession-is-the-deepest-in-our-lifetimes-the-deepest-since-1929/)

[Austan Goolsbee](https://sms4smile.com/quotes/author/austan-goolsbee/)

[Bigger](https://sms4smile.com/quotes/about/bigger/)

[Image](https://sms4smile.com/quotes/i/c63/austan-goolsbee-9855_bigger_this-recession-is-the-deepest-in-our-lif_1993746.jpg)

> [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.](https://sms4smile.com/quotes/austan-goolsbee/i-don-t-believe-the-president-doesn-t-believe-that-the-high-income/)

[Austan Goolsbee](https://sms4smile.com/quotes/author/austan-goolsbee/)

[Believe](https://sms4smile.com/quotes/about/believe/)

[Image](https://sms4smile.com/quotes/i/943/austan-goolsbee-9855_believe_i-don-t-believe-the-president-doesn-t-be_2721587.jpg)

> [If a lobbyist sets up shop, or a lawyer, in which they're receiving income through what is something like a tax loophole…](https://sms4smile.com/quotes/austan-goolsbee/if-a-lobbyist-sets-up-shop-or-a-lawyer-in-which-they-re-receiving/)

[Austan Goolsbee](https://sms4smile.com/quotes/author/austan-goolsbee/)

[Business](https://sms4smile.com/quotes/about/business/)

[Image](https://sms4smile.com/quotes/i/46f/austan-goolsbee-9855_business_if-a-lobbyist-sets-up-shop-or-a-lawyer-i_337025.jpg)

> [I get massive invective, massive abuse, via email, phone messages, and Twitter. From people way, way to the right of center -…](https://sms4smile.com/quotes/austan-goolsbee/i-get-massive-invective-massive-abuse-via-email-phone-messages-and/)

[Austan Goolsbee](https://sms4smile.com/quotes/author/austan-goolsbee/)

[Abuse](https://sms4smile.com/quotes/about/abuse/)

[Image](https://sms4smile.com/quotes/i/8cf/austan-goolsbee-9855_abuse_i-get-massive-invective-massive-abuse-vi_2854638.jpg)

> [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…](https://sms4smile.com/quotes/austan-goolsbee/there-s-a-certain-kind-of-academic-that-comes-to-washington-and-can-t/)

[Austan Goolsbee](https://sms4smile.com/quotes/author/austan-goolsbee/)

[Academic](https://sms4smile.com/quotes/about/academic/)

[Image](https://sms4smile.com/quotes/i/803/austan-goolsbee-9855_academic_there-s-a-certain-kind-of-academic-that_195071.jpg)

> [Giving Northern Europe a veto over Southern Europe's budgets will not hold a monetary union together. The euro zone will continue to…](https://sms4smile.com/quotes/austan-goolsbee/giving-northern-europe-a-veto-over-southern-europe-s-budgets-will-not/)

[Austan Goolsbee](https://sms4smile.com/quotes/author/austan-goolsbee/)

[Budgets](https://sms4smile.com/quotes/about/budgets/)

[Image](https://sms4smile.com/quotes/i/24b/austan-goolsbee-9855_budgets_giving-northern-europe-a-veto-over-south_2520255.jpg)

> [In this country, we have partnerships, we have S corps, we have LLCs, we have a series of entities that do not…](https://sms4smile.com/quotes/austan-goolsbee/in-this-country-we-have-partnerships-we-have-s-corps-we-have-llcs-we/)

[Austan Goolsbee](https://sms4smile.com/quotes/author/austan-goolsbee/)

[Country](https://sms4smile.com/quotes/about/country/)

[Image](https://sms4smile.com/quotes/i/b65/austan-goolsbee-9855_country_in-this-country-we-have-partnerships-we_1827768.jpg)

> [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…](https://sms4smile.com/quotes/austan-goolsbee/there-were-14-000-people-at-the-rally-for-the-president-in-ohio-there/)

[Austan Goolsbee](https://sms4smile.com/quotes/author/austan-goolsbee/)

[Another](https://sms4smile.com/quotes/about/another/)

[Image](https://sms4smile.com/quotes/i/82b/austan-goolsbee-9855_another_there-were-14-000-people-at-the-rally-fo_1102485.jpg)

> [At the time of the formation of the euro, I would say most American economists said that's not a good idea; that's…](https://sms4smile.com/quotes/austan-goolsbee/at-the-time-of-the-formation-of-the-euro-i-would-say-most-american/)

[Austan Goolsbee](https://sms4smile.com/quotes/author/austan-goolsbee/)

[American](https://sms4smile.com/quotes/about/american/)

[Image](https://sms4smile.com/quotes/i/572/austan-goolsbee-9855_american_at-the-time-of-the-formation-of-the-euro_2954639.jpg)

> [One of the most interesting things that I'm seeing of the Trump picks is such a heavy business and financial focus. I…](https://sms4smile.com/quotes/austan-goolsbee/one-of-the-most-interesting-things-that-i-m-seeing-of-the-trump-picks/)

[Austan Goolsbee](https://sms4smile.com/quotes/author/austan-goolsbee/)

[Business](https://sms4smile.com/quotes/about/business/)

[Image](https://sms4smile.com/quotes/i/e70/austan-goolsbee-9855_business_one-of-the-most-interesting-things-that_1069959.jpg)

> [All I'll say is if you look at countries where it is - where they are rapidly growing, they're investing in their…](https://sms4smile.com/quotes/austan-goolsbee/all-i-ll-say-is-if-you-look-at-countries-where-it-is-where-they-are/)

[Austan Goolsbee](https://sms4smile.com/quotes/author/austan-goolsbee/)

[Education](https://sms4smile.com/quotes/about/education/)

[Image](https://sms4smile.com/quotes/i/a31/austan-goolsbee-9855_education_all-i-ll-say-is-if-you-look-at-countries_882215.jpg)

> [When I was at MIT, they had a beta test of Mosaic, the first popular browser. I remember looking at it, and…](https://sms4smile.com/quotes/austan-goolsbee/when-i-was-at-mit-they-had-a-beta-test-of-mosaic-the-first-popular/)

[Austan Goolsbee](https://sms4smile.com/quotes/author/austan-goolsbee/)

[Browser](https://sms4smile.com/quotes/about/browser/)

[Image](https://sms4smile.com/quotes/i/47f/austan-goolsbee-9855_browser_when-i-was-at-mit-they-had-a-beta-test-o_441512.jpg)

> [I think actually the American people are pretty realistic. In polls they ask what do you think of the president's policies. Is…](https://sms4smile.com/quotes/austan-goolsbee/i-think-actually-the-american-people-are-pretty-realistic-in-polls/)

[Austan Goolsbee](https://sms4smile.com/quotes/author/austan-goolsbee/)

[American people](https://sms4smile.com/quotes/about/american-people/)

[Image](https://sms4smile.com/quotes/i/244/austan-goolsbee-9855_american-people_i-think-actually-the-american-people-are_2428594.jpg)

> [I'm pretty happy not to be an insider anymore. There's just no common ground. I don't know if it's distrust or that…](https://sms4smile.com/quotes/austan-goolsbee/i-m-pretty-happy-not-to-be-an-insider-anymore-there-s-just-no-common/)

[Austan Goolsbee](https://sms4smile.com/quotes/author/austan-goolsbee/)

[Common ground](https://sms4smile.com/quotes/about/common-ground/)

[Image](https://sms4smile.com/quotes/i/01a/austan-goolsbee-9855_common-ground_i-m-pretty-happy-not-to-be-an-insider-an_1277736.jpg)

> [I believe - I'm not a political expert, but I believe there is a broad consensus, a middle ground if you will,…](https://sms4smile.com/quotes/austan-goolsbee/i-believe-i-m-not-a-political-expert-but-i-believe-there-is-a-broad/)

[Austan Goolsbee](https://sms4smile.com/quotes/author/austan-goolsbee/)

[Agree](https://sms4smile.com/quotes/about/agree/)

[Image](https://sms4smile.com/quotes/i/42d/austan-goolsbee-9855_agree_i-believe-i-m-not-a-political-expert-but_653545.jpg)

> [If you're going to be an academic who's involved in the world of policy, you have to be involved in the world…](https://sms4smile.com/quotes/austan-goolsbee/if-you-re-going-to-be-an-academic-who-s-involved-in-the-world-of/)

[Austan Goolsbee](https://sms4smile.com/quotes/author/austan-goolsbee/)

[Academic](https://sms4smile.com/quotes/about/academic/)

[Image](https://sms4smile.com/quotes/i/503/austan-goolsbee-9855_academic_if-you-re-going-to-be-an-academic-who-s_894510.jpg)

> [I don't see why anybody's playing chicken with the debt ceiling.](https://sms4smile.com/quotes/austan-goolsbee/i-don-t-see-why-anybody-s-playing-chicken-with-the-debt-ceiling/)

[Austan Goolsbee](https://sms4smile.com/quotes/author/austan-goolsbee/)

[Ceiling](https://sms4smile.com/quotes/about/ceiling/)

[Image](https://sms4smile.com/quotes/i/c29/austan-goolsbee-9855_ceiling_i-don-t-see-why-anybody-s-playing-chicke_3118780.jpg)

> [We have to do everything we can to try to create jobs and get people back to work.](https://sms4smile.com/quotes/austan-goolsbee/we-have-to-do-everything-we-can-to-try-to-create-jobs-and-get-people/)

[Austan Goolsbee](https://sms4smile.com/quotes/author/austan-goolsbee/)

[Create](https://sms4smile.com/quotes/about/create/)

[Image](https://sms4smile.com/quotes/i/e28/austan-goolsbee-9855_create_we-have-to-do-everything-we-can-to-try-t_833358.jpg)

> [Let's pass the small business credit enhancement bill so small business can get back on its feet.](https://sms4smile.com/quotes/austan-goolsbee/let-s-pass-the-small-business-credit-enhancement-bill-so-small/)

[Austan Goolsbee](https://sms4smile.com/quotes/author/austan-goolsbee/)

[Back](https://sms4smile.com/quotes/about/back/)

[Image](https://sms4smile.com/quotes/i/172/austan-goolsbee-9855_back_let-s-pass-the-small-business-credit-enh_1895725.jpg)

> [Applying cost-benefit analysis to regulation is no different than what most regulatory agencies do.](https://sms4smile.com/quotes/austan-goolsbee/applying-cost-benefit-analysis-to-regulation-is-no-different-than/)

[Austan Goolsbee](https://sms4smile.com/quotes/author/austan-goolsbee/)

[Analysis](https://sms4smile.com/quotes/about/analysis/)

[Image](https://sms4smile.com/quotes/i/2ff/austan-goolsbee-9855_analysis_applying-cost-benefit-analysis-to-regula_2052708.jpg)

> [In several quarters in the 2000s, if you added up all the private savings of everyone in the United States, it was…](https://sms4smile.com/quotes/austan-goolsbee/in-several-quarters-in-the-2000s-if-you-added-up-all-the-private/)

[Austan Goolsbee](https://sms4smile.com/quotes/author/austan-goolsbee/)

[Driver](https://sms4smile.com/quotes/about/driver/)

[Image](https://sms4smile.com/quotes/i/6fe/austan-goolsbee-9855_driver_in-several-quarters-in-the-2000s-if-you_3060993.jpg)

> [That is what happened in 2010. The administration and the leadership of the Republicans thought, 'Well, we're making a deal together; we're…](https://sms4smile.com/quotes/austan-goolsbee/that-is-what-happened-in-2010-the-administration-and-the-leadership/)

[Austan Goolsbee](https://sms4smile.com/quotes/author/austan-goolsbee/)

[Democracy](https://sms4smile.com/quotes/about/democracy/)

[Image](https://sms4smile.com/quotes/i/c97/austan-goolsbee-9855_democracy_that-is-what-happened-in-2010-the-admini_2113462.jpg)

> [What happened is we went into a recession beginning in December of 2007 that was the worst since 1929. And it is…](https://sms4smile.com/quotes/austan-goolsbee/what-happened-is-we-went-into-a-recession-beginning-in-december-of/)

[Austan Goolsbee](https://sms4smile.com/quotes/author/austan-goolsbee/)

[Beginning](https://sms4smile.com/quotes/about/beginning/)

[Image](https://sms4smile.com/quotes/i/ce2/austan-goolsbee-9855_beginning_what-happened-is-we-went-into-a-recessio_1403548.jpg)

> [I am a data hound and so I usually end up working on whatever things I can find good data on. The…](https://sms4smile.com/quotes/austan-goolsbee/i-am-a-data-hound-and-so-i-usually-end-up-working-on-whatever-things/)

[Austan Goolsbee](https://sms4smile.com/quotes/author/austan-goolsbee/)

[Altered](https://sms4smile.com/quotes/about/altered/)

[Image](https://sms4smile.com/quotes/i/f5a/austan-goolsbee-9855_altered_i-am-a-data-hound-and-so-i-usually-end-u_2446854.jpg)

## Austan Goolsbee by topic

[People (16)](https://sms4smile.com/quotes/about/people/austan-goolsbee/) [Taxes (13)](https://sms4smile.com/quotes/about/taxes/austan-goolsbee/)

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