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"This recession is the deepest in our lifetimes, the deepest since 1929. If you take the people thrown out of work in the 1982 recession, the 1991 recession, the 2001 recession, not only is this bigger, this is bigger than all of those combined."
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"The world system is employment."

"My favourite all-time work of fiction: Lord of the Rings. My favourite all-time nonfiction book: Guns, Germs, and Steel. Ask me again next week, you'll get a different answer."
Work,

"Employers are at their happiest on Mondays. Employees are at their happiest on Fridays."

"Work was intended not to give a man a reason to live, but rather to give him a means to live."
Explore more quotes by Austan Goolsbee


"If you had asked people in 1929, 'Here is what is about to happen. How much would you pay to avoid the Great Depression from occurring?' The answer is they would have paid a lot. They would have borrowed money if it could be used to prevent the Great Depression."


"We enter the government essentially in a hotel that is on fire. We're throwing people from the windows into the pool to save their lives and this is the evaluation of the Olympic diving committee: Well, the splash was too big."


"It's clear that the medium and long-run fiscal challenges facing the country have to do with the rise of entitlement spending, they have to do with the longer run imbalances that we've created in the structure of the system."
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