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Freakonomics Radio · August 7, 2026 · 01:06:59

684. He Helped Clean Up the Last Crash. Does He See Another One Coming?

Former SEC chair Gary Gensler reflects on his experience helping to clean up the last financial crash and shares his perspective on whether another one is looming. He discusses America’s massive bet on artificial intelligence, suggesting that the current enthusiasm may not be sustainable. In a wide-ranging conversation, Gensler offers insights into regulatory lessons and the fragility of financial markets.

This summary was generated from show notes and public descriptions, not from a full transcript review. Details may contain inaccuracies.

Editorial

The AI Investment Bubble: 'Something Has to Give'
Gary Gensler suggests that America’s massive investment in artificial intelligence may lead to a correction, stating 'Something has to give.'
Lessons from the Last Financial Crash
Gensler draws on his experience cleaning up after the last financial crisis to inform his outlook on future risks.
The Role of Regulatory Oversight
Gensler discusses the SEC's role in preventing and managing financial booms and busts, particularly as new technologies like AI emerge.
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