# 634. “Fault-Finder Is a Minimum-Wage Job”

An episode of [Freakonomics Radio](https://invisiblenetwork.ai/podcast/354668519), 30 May 2025, 1 h 02 min.

Audio: https://mgln.ai/e/2/pdst.fm/e/dts.podtrac.com/redirect.mp3/stitcher.simplecastaudio.com/2be48404-a43c-4fa8-a32c-760a3216272e/episodes/330164ab-2298-4dbc-90b1-e2e9c5f2c17b/audio/128/default.mp3?aid=rss_feed&awCollectionId=2be48404-a43c-4fa8-a32c-760a3216272e&awEpisodeId=330164ab-2298-4dbc-90b1-e2e9c5f2c17b&feed=Y8lFbOT4

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). Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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