Austan (Austan) Goolsbee

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656 appearances 1 recordings 1 series first heard Jul 2026 last heard 15 Jul

Austan (Austan) Goolsbee’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 1 in all, peaking in Jul 2026 with 1.

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But the banks were putting it in and were taking warrants.

And you incredulously said, do you honestly believe that the banks are going to pay back this money?

And I said, yes, I think it's designed so that they will pay back the money.

And they did.

It's not to say it's free.

Let's not do that again.

We gave them life.

We gave them extraordinarily valuable life insurance at a crucial moment, like when the mafia said, we're coming to kill you.

Then we're like, we'll give you life insurance.

But it's still worth thinking about that context of.

If financial crises, if you look around the world, financial crises usually cost the taxpayer in the country.

Correct.

Five to 10% of GDP lost money to save it.

That the TARP ends up costing the U.S.

government close to zero.

Let me let me push back a little bit on this.

Right.

I'm totally sympathetic to that view.

But let's go to pandemic.

I made that, now you're fully in the fiscal policy space.

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