Andrew Ross Sorkin on Market Bubbles, Banking Rules, and the Real Lessons of 1929

Conversations with Tyler is produced by the Mercatus Center at George Mason University, bridging the gap between academic ideas and real-world problems. Learn more at Mercatus.org. For a full transcript of every conversation, enhanced with helpful links, visit conversationswithtyler.com. Hello everyone, and welcome back to Conversations with Tyler. Tyler.

Today I'm chatting with Andrew Ross Sorkin. He's an award-winning journalist for the New York Times and a co-anchor at Squawkbox, CSNBC's signature morning program. He's also founder and editor at large of Dealbook, published by The New York Times. He's the best-selling author of Too Big to Fail, co-producer of a film adaptation of the same, nominated for eleven Emmy Awards, and he is also co-creator of the drama series Billions on Showtime, but most importantly he has a new book out, 1929, Inside the Greatest Crash in History and How It Shattered a Nation.

Andrew, welcome. Thank you so much for having me. It's a privilege. The 1929 stock prices, right before the crash, were they really a bubble? Doesn't America have an amazing century to come, and arguably those prices were were too low, and the so-called speculators are the heroes of this story?

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