Richmond Fed President, Tom Barkin, joins Steven Davis to consider what it takes for small towns to prosper, and why it matters for families and communities. They also discuss how policymakers and civic leaders can address concerns about the downsides of economic development.

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Economics, Applied brings together top leaders and researchers to break down key economic developments, offering evidence-based insights and practical lessons for navigating today’s economy. Economic change is constant. Subscribe to keep up: hoover.org/podcasts/economics-applied.