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November 7, 2025 
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 | By Suein Hwang Business, Economics and Technology Editor, Opinion |
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There is no small irony that President Trump set his lavish Halloween party to the theme of “The Great Gatsby,” the F. Scott Fitzgerald classic that so memorably captured American culture in an overheated economy — moments before disaster.
One hundred years since that novel’s publication, it seems the Roaring Twenties are back. Our stock market is once again reaching nosebleed highs. Speculation is again surging, with staggering sums of money being poured into highflying technology stocks and risky investment schemes.
But rather than heed the lessons of what came next — a devastating stock market crash and the Great Depression — the Trump administration is embracing policies that “keep the punch flowing,” observes William A. Birdthistle in a new guest essay.
“The revelatory moment says so much about where we stand today,” he writes, “and what we could be lurching into next.”
Read the guest essay:
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