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Heard at the GSB

The Economic Consequences of Bush vs. Kerry: A Debate

October 8, 2004

A few good-natured jabs were traded as three Chicago GSB economists debated the state of the economy and the strength of presidential candidates' economic plans. The experts included a former member of Bush’s economic team, a Kerry backer, and a former faculty member who served as chief economist for the IMF.

The event was sponsored by the George J. Stigler Center for the Study of the Economy and the State and the Chicago GSB Fund.

Richard Leftwich, Fuji Bank and Heller Professor of Accounting and Finance, and Deputy Dean for Faculty

Randall Kroszner, Professor of Economics and member of the President Bush's Council of Economic Advisors from 2001 to 2003

Austan Goolsbee, Professor of Economics and economic advisor to the Kerry campaign

Michael Mussa, senior fellow at the Institute of International Economics; former chief economist of the International Monetary Fund and member of the Council of Economic Advisors under President Reagan; former Chicago GSB faculty member


All video clips are in Windows Media Video format.

Kroszner: The economy is stronger than we’ve been told
 » View video

Goolsbee: Passing payments to future generations is wrong
 » View video

Mussa: Neither proposal addresses the deficit
 » View video

Panel: On fiscal policy, deficits, and forecasting
 » View video

Panel: On tax cuts and Medicare drug benefit
 » View video

Audience Questions:

Q: On council of Economic Advisors, how do you compromise economic thinking with political impulses?
 » View video

Q: What effect does outsourcing have on employment?
 » View video



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