BUZZING· 70%54m·2026-10-16·MoneyWill The AI Boom End Like The Railroad Crash Of 1873? — ft. Liaquat Ahamed
Ed Elson is joined by Liaquat Ahamed to examine the railroad bubble of 1873 and why he sees parallels with today’s data center buildout. They discuss the lessons history offers, why overbuilding remains a recurring problem, the warning signs he sees in today’s AI boom, what AI executives should learn from the past,…
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What people are saying
“Man I was just locked into his history of the financial landscape of the 19th century. What a guest. Fantastic choice for this episode.”
“While there are clear financial parallels to the railway boom, there are two really big differences. First, the utility of railways was not in question. Their utility was obvious while the utility of LLM's is still up in the air. The second…”
“Gotta say Ed, you are a great interviewer. You ask great, extremely relevant questions.”
“Prof G markets is a rollercoaster. One day you have Cambridge scholar the day before you have smooth brain with a toy spaxex rocket on his desk.”
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