From:
Columbia Business School’s Professor Angela Lee joined NPR’s On Point with Hilary McQuilkin and Meghna Chakrabarti to discuss what some economists are calling the United States’ emerging “casino economy.” Lee explained that speculative investment behaviors—fueled by social media, zero-commission trading, and heightened political uncertainty—have reshaped how ordinary Americans engage with financial markets. She noted that this environment encourages risk-taking disconnected from underlying fundamentals, raising concerns about financial stability, household vulnerability, and the psychological drivers of economic decision-making.
