Andrew Ross Sorkin

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476 appearances 1 recordings 1 series first heard Oct 2025 last heard 31 Oct

Andrew Ross Sorkin’s voice in public audio — every appearance, attributed to the second.

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Prof G Markets · Are We Reliving 1929? Parallels to Today’s Market Mania — ft. Andrew Ross Sorkin · 31 Oct 2025 podcast

That's actually what, by the way, changed the way people even thought about credit for the first time.

So it was a moral sin in this country, uh, in large part prior to that, to even take on a loan of any sort.

And and he sort of made that available to the masses, then tried to create a a mutual fund that would have been levered effectively.

So he used to say everyone ought to be rich.

Um he built what was then the SpaceX of its time uh in the Empire State Building.

He was the he was the single individual uh behind that.

At one point, he by the way gets into politics.

He actually had been a Republican, switches to be a Democrat in this case, uh, to try to take on Hoover, working with Al Smith, loses, by the way, then spends a lot of his money paying off journalists.

And um, you know, if he owned Twitter, oh my goodness, you know, really trying to undermine

The reputation of Hoover secretly for years.

In fact, I would argue Hoover's reputation, even to this day, was damaged by this guy, John Rascob.

And then John Rascob very cleverly came up with an idea that actually, I would argue, changed America in the large way, which is today we work only five days a week.

Back then we worked six days a week.

The stock market was open on Saturdays, and he had this idea which he wrote about in November.

November of 1929, that you know what, we should have a five day work week because, not because he wanted to be nice to people, because he thought that if you actually had an extra day during the weekend, it would create a bigger consumer economy.

More people would have to buy cars, they'd have places to go, they'd buy gardening equipment and everything else.

So again, you sort of see these people uh in this sort of parallel-like universe.

We have to learn our lessons ourselves.

We do.

And by the way, let me just say, here we are being very depressed.

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