Jul 25, 2013
Gary Gibson joined us today. He's very bullish on Detroit. The reason is quite simple. As the City of Detroit has crumbled, so has its enforcement mechanism. This means there's a shortage of government bureaucrats walking around telling you what you're not allowed to do. Therefore, economic prospects are looking up. When government fails, business looks to fill the void and that's exactly what's happening in Detroit. Everything from policing to transportation and other services are being provided for by the free market at a profit.
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