Federal Reserve Bank of Chicago President Austan Goolsbee joins WIRED to answer the internet’s burning questions about the American economy. Are gas and food prices ever going back down? Is the Fed just a private bank or is it owned by the government? What are the best ways to tell if money is real? Answers to these questions and many more await on U.S. Economy Support.
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#Economy #FederalReserve #America
00:00 – American Economy Support
00:16 – Interest rates are high, but at least there’s billions in the vault
00:56 – Printers gonna print
03:29 – Just filled up my gas tank. AMA.
05:02 – My love language? A sub-5% fixed rate
07:20 – Counterfeit? Just touch Benjamin Franklin’s collar…
08:45 – 80,000lb door, you say?
09:45 – Cheaper credit? Don’t mind if I do
11:17 – Data centers: overheating the economy and atmosphere
12:48 – The Pussycat Dolls and future recessions
14:06 – The Fed, the Illuminati and world domination
16:13 – Surviving on hopes and dreams
19:03 – The economic check-engine light
21:27 – The 2008 recession can stay in the past
22:44 – Repeat after me: “the stock market is not the economy”
24:16 – Sources? Trust me, bro
24:53 – AI and the lump of labour fallacy
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@TonightWeGrill
August 11, 2026 at 7:03 pm
22:00 To say that 2008 wasn’t as bad as we have it today is the most asinine comment I’ve ever heard in my life.
@kevtheobald
August 11, 2026 at 7:03 pm
Goolsbee basically said what is a fact, money is a faith based system and if we loose faith in it, what we will have is just piles of paper. The US Congress has done a horrible job for decades with helping to make the faith of money strong. Instead the wealthy have taken more and probably the biggest single issue is stock options. That is the biggest reason executives end up making hundreds or thousands of times more than the average worker at their company. The flood of money to these executives has given them the ability to takeover governments.
The lobbying system in the US is just a legal bribe system and members of the US Congress have just been soaking it up, for many decades. There was a time when members of Congress would introduce themselves as a representing some corporation. That was prior to the 1930’s. I fear we are heading back to those ways. I guess it is more honest if a member of the US Congress mentions who their biggest financial backer is when introducing themselves.
@rudyoliveira6532
August 11, 2026 at 7:05 pm
Trump said prices would go down on day one….😅
@WhatIsATurtle
August 11, 2026 at 7:12 pm
21:40 dawg we are still in the 2008 recession
@GoldenPickaxe
August 11, 2026 at 7:16 pm
22:42 don’t tell Pyrocynical
@WhatIsATurtle
August 11, 2026 at 7:23 pm
Gold does have inherent value. Go read a book about something other than money and abstract finances. It’s immensely useful in industry and has many uses as catalysts as well as in electrochemistry and countless more fields. If it didn’t have value we wouldn’t have been using it for things for nearly 10,000 years. Every element has a near infinite amount of uses especially ones with less common properties. That being said paper moneys value as a token still has real utility.
@katrinascales8258
August 11, 2026 at 7:34 pm
4:02 help me understand why the fed continues to target 2% inflation year over year when we’ve suffered recent inflation far above that number. What’s wrong with having a couple of years of NEGATIVE inflation? Why can’t prices come down for a change??
@DAKILLAGORILLA
August 11, 2026 at 7:35 pm
Some people the billionaires have not made any sacrifices, or felt any sort of “pinch by the economy” they seem to always spend more when things are difficult for everyone else
@discombob93
August 11, 2026 at 7:36 pm
Is this guy just literally playing dumb for EVERY question? I like the tell he has where he tenses up real hard as he trails off on the more difficult ones.
@Majiger
August 11, 2026 at 7:50 pm
Wages not going is very simple: Union busting. No Union = Employees have zero cards on the table. Employers can choose to abuse employees within a “legal” parameter and all the employee can do is move on to another company. Which is exactly what everyone does. jumping jobs every 2-5y.
@garychristison763
August 11, 2026 at 7:51 pm
The best explanation of how AI could potentially affect the workplace that I’ve heard.
@matthewmckever2312
August 11, 2026 at 7:52 pm
Economics
Tax
Utilities
Law
Moral and ethical sociology
Should be taught at school.
But of course “THEY” don’t want us to know how we are exploited.
@dmc01
August 11, 2026 at 7:52 pm
I like this Money Man
@sladewinberry8283
August 11, 2026 at 8:05 pm
God, this channel is such a gift.
@lettermanstud
August 11, 2026 at 8:26 pm
We are off the gold standard so the fiat is worth nothing as it is only backed by the govt
@mgrowbee
August 11, 2026 at 8:28 pm
This guy sounds so much like Steve Rinella
@andreiciumafaie
August 11, 2026 at 8:33 pm
Time is money and so those big cubes of dollar bills are basically containers of human life, time spent, human productivity preserved by the government in a vault as a reserve. A reserve of time…
@NoopTubeOfficial
August 11, 2026 at 8:52 pm
I hear about him in the news all the time and it’s neat to see him interviewed. He seems like an ok dude and not out of touch with reality or the issues his constituents have.
@JacobStienman
August 11, 2026 at 8:53 pm
Israel needs our tax dollars you selfish Americans
@by9917
August 11, 2026 at 8:56 pm
On gas and food prices this is all fake news. The orange t already solved this on day one.
@camer_n
August 11, 2026 at 9:05 pm
Lmao whoever is directing this can be heard saying “Nice” immediately after almost every response is finished. I don’t think this is caught so much in any other videos
@domwolfram2053
August 11, 2026 at 9:18 pm
Every one of these videos talks about AI now, no matter what topic it’s supposed to be on. So sick of hearing about it.
@shoesandahs
August 11, 2026 at 9:19 pm
Obviously you have never dealt with AI on a phone call. It’s not just employment that’s an issue. It is the fact that we are all forced to deal with machines instead of people. Computers have shown over and over that they can’t deal with subtlety. AI has exactly the same problem. AI will make some things better, just as computers have, but it will force us to spend hours trying to find an answer that a human being could give us in two minutes.
@AC-cg4be
August 11, 2026 at 9:20 pm
Too bad the idiots that need to hear all this will never watch it.
@Krobra91
August 11, 2026 at 9:24 pm
thats why im not opposed to charging millionaires and billionaires a high tax rate, they make their money on the stock market,
and LIKE HE SAID, the stock market is NOT the economy