Some argue that one of the reasons for the relative slow economic recovery is that banks and other lenders still have very high standards that simply prohibit many from getting a loan. Since our economy revolves around credit, if borrowing is limited so will be economic improvement. Is this a valid issue? Host Mary Walden asks her husband, NC State Economist Dr. Mike Walden.
There is considerable optimism today about U.S. energy production. More oil wells are being drilled, and domestic oil production is skyrocketing. But we know oil is a limited resource. Won’t the production from new wells eventually run dry? Host Mary Walden asks her husband, NC State Economist Dr. Mike Walden.
The ability to borrow money for investments is crucial for the economy. Clearly borrowing can be overdone, but if consumers don’t borrow, the economy usually struggles. Host Mary Walden asks her husband NC State Economist Dr. Mike Walden, “Lending virtually stopped during the recession, so where are we now?”
Air travel has become common today, and in fact many businesses couldn’t survive without the ability to reach customers quickly through air flights. Host Mary Walden asks her husband, NC State economist Dr. Mike Walden, “Does this mean access to air transportation has become a major factor in a community’s economic development?”