Will The AI Boom End Like The Railroad Crash Of 1873? — ft. Liaquat Ahamed artwork
Prof G Markets

Will The AI Boom End Like The Railroad Crash Of 1873? — ft. Liaquat Ahamed

Oct 16, 2026 · 54 min

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, and where he thinks we are in the cycle today. Liaquat Ahamed is a financial histo…