In President Obama’s State of the Union address he made a distinction between spending money and investing money. N.C. State University economist Mike Walden explains the difference between the two.
Most people know two things about manufacturing: First, the relative importance of manufacturing has shrunk in our country. And second, manufacturing in several other countries — particularly in Asia — has been on the rise. But N.C. State University economist Mike Walden says this doesn’t mean the United States is now in the second tier of manufacturing countries.
Increases in commodity and energy prices worldwide have been factors for unrest in some countries. Americans spend a small share of their income — about 13 percent — on food. N.C. State University economist Mike Walden addresses the concern that the rise in food input prices might increase the amount.