Can The Lessons Of 1929 Prevent Another Crash?

New York Times columnist Andrew Ross Sorkin, a student of past financial calamities, talks about the likelihood the U.S. economy could be headed toward another crisis. He says there are concerns about the impact of AI, crypto currencies and shadowy investment firms operating outside the regulated banking system. How the nation fares, he says, depends much on the judgement, and perhaps financial interests of Donald Trump. “The entire business world now runs through one address – 1600 Pennsylvania Avenue – and to some degree through the prism of the whim of one individual,” Sorkin says. His new book, 1929, is about the financial panic that led to the Great Depression.

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