Austan Goolsbee

That is what happened in 2010. The administration and the leadership of the Republicans thought, 'Well, we're making a deal together; we're showing the world things can be done in a bi-partisan way. We're extending all our tax cuts for two years.' ”

Whenever I interview someone for a job, I always ask them whether they want to sit in Bernanke's chair. The only wrong answer is, 'Who's Bernanke?'. ”

The only question where there is disagreement is should the highest income rates above a quarter million dollars a year go back to where they were under Bill Clinton. That is the dispute about the taxes. ”

What Disneyland was to my kids at age 10, that's kind of what Chicago is for economists. ”

All I'll say is if you look at countries where it is - where they are rapidly growing, they're investing in their infrastructure. They're investing in their educations. They are trying to streamline regulations, but they're not neglecting key investments. ”

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.' ”

When Texans suffered from the collapse of the oil market in the 1980s, they could rely on the fiscal union to help them. When Texas boomed with rising oil prices in the 2000s, it contributed to the union to help harder hit regions. ”

The U.S. fiscal union has worked, in no small part, by enabling subsidies to the Mississippis without requiring the approval of the Minnesotas. It creates an important form of insurance. ”

If it was up to me, I would have put more money into the state fiscal relief. ”

In this country, we have partnerships, we have S corps, we have LLCs, we have a series of entities that do not pay corporate income tax. ”