Intro

Austan Goolsbee, president of the Federal Reserve Bank of Chicago, is less reserved than the average banker. He explains why vibes are overrated, why the Fed’s independence is non-negotiable, and why tariffs could bring the economy back to the Covid era.

• SOURCES:
  • Austan Goolsbee, president and chief executive officer of the Federal Reserve Bank of Chicago.

• RESOURCES:
  • "Internet Rising, Prices Falling: Measuring Inflation in a World of E-Commerce," by Austan Goolsbee and Peter Klenow (American Economic Association Papers and Proceedings, 2018).
  • Microeconomics, by Austan Goolsbee, Steven Levitt, and Chad Syverson (2012).
  • "Does the Internet Make Markets More Competitive? Evidence from the Life Insurance Industry," by Jeffrey Brown and Austan Goolsbee (Journal of Political Economy, 2002).
  • Survey of Consumers (University of Michigan).
  • Adobe Digital Price Index.

• EXTRAS:
  • "Was Austan Goolsbee’s First Visit to the Oval Office Almost His Last?" by People I (Mostly) Admire (2022).
  • "Is $2 Trillion the Right Medicine for a Sick Economy?" by Freakonomics Radio (2020).
  • "Fed Up," by Freakonomics Radio (2019).
  • "Why the Trump Tax Cuts Are Terrible/Awesome (Part 2)" by Freakonomics Radio (2018).
  • "Ben Bernanke Gives Himself a Grade," by Freakonomics Radio (2015).
  • "Should the U.S. Merge With Mexico?" by Freakonomics Radio (2014).