Might 2025 turn out to be the new 1925? In other words, are we currently in the Roaring Twenties and on the brink of another Great Depression? This historical analogy, according to the Financial Times’ chief economics commentator Martin Wolf, isn’t entirely fanciful. Economic history doesn’t exactly repeat itself, Wolf acknowledges, but it has a rhythmic quality. We are living, he suggests, in a “slow-motion” interwar moment. And while FDR is Donald Trump’s mirror image, perhaps the most similar President to Trump was Warren Harding whose administration was deeply tarnished by the Teapot Dome scandal. Crypto, Wolf suggests, might turn out to be Trump’s Teapot Dome. And 2026, Martin Wolf warns, might turn out to be significantly more turbulent for both the US and global economies than 2025.
Keen On America is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.
Nobody asks sharper or more impertinent questions than Andrew Keen. In KEEN ON, Andrew cross-examines the world’s smartest people on politics, economics, history, the environment, and tech. If you want to make sense of our complex world, check out the daily questions and the answers on KEEN ON.
Named as one of the "100 most connected men" by GQ magazine, Andrew Keen is amongst the world's best-known technology and politics broadcasters and commentators. In addition to presenting KEEN ON, he is the host of the long-running show How To Fix Democracy and the author of four critically acclaimed books about the future, including the international bestselling CULT OF THE AMATEUR.
Keen On is free to listen to and will remain so. If you want to stay up-to-date on new episodes and support the show, please subscribe to Andrew Keen’s Substack. Paid subscribers will soon be able to access exclusive content from our new series Keen On America – keenon.substack.com