Can The Lessons Of 1929 Prevent Another Crash?

This episode of Fresh Air features an interview with Andrew Ross Sorkin, a financial columnist for The New York Times, discussing his new book, "1929, Inside the Greatest Crash in Wall Street History and How It Shattered a Nation." Sorkin and host Dave Davies explore the speculative frenzy of the 1920s, the mechanics of buying stock on margin, and the government's response to the crash and subsequent depression. They draw parallels to more recent economic events, such as the 2008 financial crisis and the COVID-19 pandemic, and discuss current economic risks like speculative spending on AI, shadow banks, cryptocurrency, and tariffs, as well as the potential impact of these factors on the modern economy. The conversation also touches on the role of government regulation, the influence of special interests, and the future of capitalism.