Detroit was the original Silicon Valley - And the party ended with bank runs
On today's episode, a look back in time. I'd argue that Silicon Valley is today's Detroit in that a hundred years ago, the Motor City was the capital of innovation. But the nail in the coffin on that era were bank runs that cascaded into the rest of the country. Major players like Henry Ford had decided they'd rather rebuild their entire company than provide any support to the banks, one where his son was a head of. Obviously, there is a lot that's different now. But there are so many similar...