Will The AI Boom End Like The Railroad Crash Of 1873?

Published 2026.10.16

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SUMMARY

Financial historian Liaquat Ahamed joins Ed Elson to analyze the similarities between the current AI-driven data center boom and the railroad bubble that led to the crash of 1873. The discussion explores historical cycles of overbuilding, debt-fueled speculation, and the potential risks facing today's markets as AI investment accelerates.

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