Yascha Mounk and Andrés Velasco discuss why the current energy crisis won’t repeat the 1970s—and what dangers lurk in today’s financial markets.

Andrés Velasco is the Dean of the School of Public Policy at the London School of Economics and Political Science. He is the co-editor, alongside Tim Besley and Irene Bucelli, of The London Consensus: Economic Principles for the 21st Century.

In this week’s conversation, Yascha Mounk and Andres Velasco discuss whether the Middle East war will trigger a 1970s-style economic crisis, why AI valuations could spark the next financial meltdown, and what signs to watch for in predicting future market crashes.

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Andrés Velasco on Oil Shocks and Financial Crises