Economics of the Indy 500

By Econ70 | 05/27/2011
A picture of the inside of a room with a bunch of stuff on it.

The Indy 500 is more than a huge financial Memorial Day event. Via trickledown technology it has vastly improved our lives. Turbochargers were 1st used in ’52, rearview mirrors in ’11 and seatbelts after WWII. Wide low-profile tires now used were also perfected there. When Indy cars were 1st outfitted with crash test recorders in…

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