Economist Austan Goolsbee: “I don’t think there is a rosy scenario for the near future”

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Austan Goolsbee, former Chair, Council of Economic Advisors, in Chicago on Tuesday, October 29, 2013. (Jose M. Osorio / Chicago Tribune)

Austan Goolsbee, Economics professor at the University of Chicago’s Booth School of Business and former Chairman of the Council of Economic Advisers, joins Justin to talk about the current state of the economy, what we should expect moving forward, the secret of talking about the economy to real people, how the presidential candidates differ on their views of the economy, the cost of running for political office and  its relationship to big money and big industry and what it was like for him to be an economic adviser to the Obama administration during a financial crisis.

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