238 Dr. Jim Peach – Challenges Facing New Mexico’s Economy

On this week’s podcast interview Paul sits down with NMSU economist Jim Peach. Peach recently testified to the Legislative Finance Committee on challenges facing New Mexico’s economy. That testimony is recounted in an Albuquerque Journal story.

Professor Peach and Paul begin by discussing New Mexico’s economy broadly. Why are we not competitive with our neighbors and what can be done to change that? Then, Peach and Gessing discuss the oil and gas industry and its outsized role in New Mexico’s economy and what the professor sees in store for it. Finally, Peach and Gessing discuss the COVID 19 situation and both the near and long-term challenges it creates for New Mexico’s economy and whether the federal government should provide additional bailouts to New Mexico and other states.