Are We Doing This Again? Andrew Ross Sorkin on “1929” and the GoodFellows on 2025 | GoodFellows | Hoover Institution

About this episode

The episode discusses the parallels between the 1929 stock market crash and current economic conditions, featuring insights from Andrew Ross Sorkin and the GoodFellows team.

Nearly a century ago, after years of investors on a champagne high and warning signs ignored, a stock market crash led to a descent into a global depression. Andrew Ross Sorkin, a New York Times financial journalist and author of the bestseller 1929: Inside the Greatest Crash in Wall Street History—and How It Shattered a Nation, joins GoodFellows regulars Niall Ferguson, John Cochrane, and H.R. McMaster to discuss how the events of 1929 resonate to this day, what’s misunderstood about the fabled crash, whether Herbert Hoover (only seven months into his presidency when disaster struck) gets a fair shake, plus what the future holds for Federal Reserve independence, the bidding war for Warner Bros. Discovery, and Wall Street’s relationship with Washington. After that: The three fellows look back on 2025 with their choices for individual of the year, the most significant or ignored stories, what they learned in 2025, plus predictions and resolutions for the new year. Finally, a surprise visit by Hoover Institution visiting fellow Kris Kringle, who asks the panel for its holiday wishes (oddly enough, H.R. is never around when jolly old St. Nick shows up). Subscribe to GoodFellows for…

People in this episode

Hosts: Niall Ferguson, John Cochrane, H.R. McMaster

Guest: Andrew Ross Sorkin

Topics covered

• stock market crash
• Federal Reserve independence
• 2025 predictions
• economic history
• geopolitics
• financial journalism

Keywords

• 1929
• stock market crash
• Federal Reserve
• Herbert Hoover
• economic predictions
• financial journalism
• geopolitics

Mentioned in this episode

Organizations: New York Times

Books & works: 1929: Inside the Greatest Crash in Wall Street History—and How It Shattered a Nation

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