A Conversation with Austan Goolsbee
summary
Says the stimulus is $787 billion and defends its mix while warning of slow implementation caused by tax code rules and Davis‑Bacon disputes; cites financial shock measures — household wealth fell almost 15% versus ~5% in 1929 — and argues more state fiscal relief (saves ~18,000 NYC teacher jobs, ~60–70,000 in California) would have been higher‑impact; notes R&D gets only $18 billion, calls that the largest ever but too small to drive immediate recovery, and flags long‑run health‑care cost risks.
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chapters (14)
- 0:00Introduction
- 1:47Washington politics
- 3:34Economic crisis response
- 5:20Stimulus flaws
- 6:45Stimulus spending control
- 8:35Government R&D investment
- 10:39Job recovery and automation
- 13:29Export growth drivers
- 14:53Economic education
- 17:58Inspiring innovation
- 19:47Global education rankings
- 20:53Economic recovery signs
- 22:17National debt challenges
- 26:09Q&A
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