On Trumponomics, financial journalist Andrew Ross Sorkin argues the AI boom, crypto and regulatory rollback all echo the Roaring Twenties—and what came after.
By Sommer Saadi and Stephanie Flanders | Updated on Jun 10, 2026 at 09:35 PM
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Almost a century after the Wall Street crash of 1929, Andrew Ross Sorkin says he believes some of its most dangerous ingredients are reappearing. Joining Stephanie Flanders on
Trumponomics
, the financial journalist and author of
1929: Inside the Greatest Crash in Wall Street History
argues that today’s market is filled with “eerie parallels” to the late 1920s. These include a transformative new technology, a flood of retail investors and a growing willingness to loosen the rules. “We are dismantling the guardrails,” Sorkin says, pointing to everything from cryptocurrency to private-market investments being repackaged for ordinary investors.
While Sorkin stops short of predicting a crash, he warns that memories are short and that many of the forces that fueled past bubbles—from leverage to overconfidence—are once again shaping markets.
Flanders and Sorkin also explore what might make the next crisis different. From the increasing impact of artificial intelligence on jobs to intensifying political polarization and grave concerns about America’s massive government debt, the question is whether policymakers would be as prepared to respond to catastrophe as they were during the last financial crisis, in 2008.