The Risk That Built America

The New York Times•Saturday, October 18, 2025 at 12:00:03 PM

In a thought-provoking piece, Andrew Ross Sorkin argues that speculation is not just a flaw in America's economic system but a vital element that drives it forward. He reflects on historical events, particularly the crash of November 1929, highlighting how locations like the Federal Hall National Memorial, across from the Wall Street Stock Exchange, played a significant role in shaping the economy. This perspective is important as it encourages a deeper understanding of the complexities of economic behavior and the role of risk in fostering innovation and growth.

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