White House Economist Austan Goolsbee Answers Your Questions
Austan Goolsbee is a white house economist and close to the Obama administration.
This article was sent in by my friend Barry. Thank you!
Click Here To Read A Q/A With Austan Goolsbee
Article Introcution (Via NYT)
Two weeks ago, we solicited your questions for White House economist Austan Goolsbee. You will find his answers below. Among the highlights: no, the Obama administration is not socialist; and no, Goolsbee will not be trapped into telling you whether he’d buy an American car. Thanks for the good questions and thanks especially to Goolsbee for the interesting answers.
Excerpt (Via NYT)
Q. How is your investment portfolio allocated?
A. To the extent it exists, basically index funds, money markets, and our house.
Question
Q.Do you think raising taxes on the wealthiest taxpayers can stifle economic growth? Why or why not? — Chris Lawnsby
A. In the abstract? If tax rates are too high, yes. But as you probably know, the United States has experienced rapid growth even in periods where the top marginal rate was much higher than it is today and growth has been measly over the last eight years despite major cuts in the top rates.
