669. Why Is 95 Percent of the World’s Bourbon Made in Kentucky? | Freakonomics Radio

Section 1: Introduction to Bourbon Industry

• The bourbon industry is unique in that it requires a significant investment of time after production.
• 95% of the world's bourbon is made in Kentucky, with most of it being produced within a 45-minute drive of Lexington, Kentucky.
• The industry has experienced a boom in recent years, but is now facing a decline in demand.
• The bourbon industry is concentrated in Kentucky due to tradition and historical factors.

Section 2: Economic...