In the fourth grade my history teacher gave us a project: Why was the auto industry located in Detroit Michigan? I didn't know I was going to be an economist but I knew I was going to do something that was involved in answering questions like that one because I thought that was a fascinating question.

Random Quote

There was a study done in the early 20th century of all the entrepreneurs who entered the automobile industry around the same time as Henry Ford there were something like 500 automotive companies that got funded had the internal combustion engine had the technology and had the vision. Sixty percent of them folded within a couple of years.