Andrew Ross Sorkin

And then, of course, the New Deal shuts down the banks, has what was equivalent of national holiday.

9000 banks go out of business.

And then that's sort of when the conversation about capitalism and socialism starts to rear its head.

But can I just add on top of that?

Because, you know, you're describing what I always think of as sort of the leave it to beaver American dream that people sort of have in their mind, which is really more of like a 1950s style dream.

And actually was a function, I think, of a post-World War situation where...

where the country was, we were a monopoly power.

Everybody else was out of business.

This is also the time, like, the reason why unions even worked, I would argue, in large part, was because there was this period of time where we were the only players in town.

So we could charge monopoly rents for a lot of things, and people could buy a house with a white fence and have two kids and

All of those things that we now say are the dream.

Look, there's some people who think that was an aberration in history.

I hope it wasn't.

But I'm saying there were a lot of forces at play that created that dream.

But I don't think that was the dream in 1929.

Yeah.

I hope we're not.

I hope we're not.

Look, I think you look at a lot of the things going on right now just with how much debt we have.

I sort of look at the Neil Ferguson view of the world, which maybe lines up pretty directly with –