To make sense of Wall Street’s hangover from the crash described in The Big Short, Michael Lewis calls up Matt Levine. Levine is author of the Money Stuff newsletter for Bloomberg Opinion and co-host of a podcast by the same name. He’s also a former investment banker who was working at Goldman Sachs during the market crisis of 2008. He and Lewis talk about Bitcoin, bank regulation, and new forms of risk-taking — all ways Wall Street has changed since the crisis.

Order The Big Short audiobook, now narrated by Michael Lewis, on Audible, Spotify, pushkin.fm/bigshort or wherever you get audiobooks.

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Andrew Ross Sorkin writes the business and policy newsletter DealBook for the New York Times and is co-anchor of Squawk Box on CNBC. He also has a historical bent, and has a new book out about the causes and consequences of the Great Depression in the 1930s. Sorkin speaks with Michael Lewis about how that crisis differed from the financial crash of 2008, and what we can learn by comparing the two eras.

For more, check out Sorkin’s book 1929: Inside the Greatest Crash in Wall Street History, and How it Shattered a Nation.

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When Michael Lewis wrote The Big Short, there was an extra character in the story: The Federal Reserve System, the central bank of the US, which bought up bad debt on the balance sheets of big Wall Street banks and trading firms. To better understand the Fed’s role in the financial crisis of 2008, Michael turns to UC Berkeley economics professor Emi Nakamura. And in the process, we get a master class in how currency works, and why there’s still some gold in the vaults of the Fed.

For more, check out Emi Nakamura’s Macro Policy Lab.

Order The Big Short audiobook, now narrated by Michael Lewis, on Audible, Spotify, pushkin.fm/bigshort or wherever you get audiobooks.

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The Big Short is centered around the story of investment advisors who noticed something was seriously wrong with the subprime housing market starting in the early 2000s. Why did the traders at FrontPoint Partners and others bet against the herd, at great risk to their reputations and their own careers? And what happened after those bets paid off — because the market crashed? Michael Lewis catches up with some of the most memorable characters in his book to find out what being right has done to their lives.

For more, check out a newsletter by Danny Moses, Vincent Daniel, and Porter Collins called WHAT ARE WE DOING? (WAWD).

Order The Big Short audiobook, now narrated by Michael Lewis, on Audible, Spotify, pushkin.fm/bigshort or wherever you get audiobooks. 

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Michael Lewis speaks with Greg Lippmann, formerly a bond trader at Deutsche Bank, made famous when he was portrayed by Ryan Gosling in the movie version of The Big Short. And Lewis catches up with Steve Eisman, the Wall Street investor who was played by actor Steve Carell. When did they each start to suspect the subprime mortgage market was rotten, and why? And how did they perceive each other in the wary days and months before the market crashed?

For more, check out Steve Eisman’s podcast, The Real Eisman Playbook.

Order The Big Short audiobook, now narrated by Michael Lewis, on Audible, Spotify, pushkin.fm/bigshort or wherever you get audiobooks.

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Against the Rules producer Lidia Jean Kott is the host of a new podcast series called The Chinatown Sting. It’s about a group of unlikely suspects at the center of a massive drug bust that took place in 1980s New York.  Recently Michael spoke with LJ about her series at a coffee shop in Brooklyn called Land to Sea.

You can listen to all six episodes of the “The Chinatown Sting” on Apple, Spotify, pushkin.fm/chinatown, or wherever you listen to podcasts.

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When Adam McKay decided to make a movie based on The Big Short, he was mainly known for his comedies. But he managed to get a bevy of star actors — among them Ryan Gosling, Brad Pitt, Steve Carell and Margot Robbie — to sign on and bring the intensity and arcane financial jargon of Wall Street to life. Michael Lewis sits down with McKay a decade after he made the Oscar-winning movie version of The Big Short to learn about the challenges of getting the film made — and why he’s still making movies about societal collapse.

Get The Big Short audiobook, now narrated by Michael Lewis, on Audible, Spotify, Apple Books, pushkin.fm/bigshort or wherever you get audiobooks.

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Back in 2008, Michael Lewis started paying attention to Wall Street again, as banks and investment funds started to announce massive losses. Fifteen years ago, he published The Big Short, about a group of traders and investors who bet against a market that refused to see what was coming. Now it’s time to revisit both the book and the Oscar-winning movie based on it. 

Get The Big Short audiobook, now narrated by Michael Lewis, on Audible, Spotify, Apple Books, pushkin.fm/bigshort or wherever you get audiobooks.

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Acclaimed author Michael Lewis discusses his time with Sam Bankman-Fried and why he thinks both high finance and Effective Altruism shaped the 'Crypto King's' worldview, ultimately landing him in jail. Plus, we hear about the people fighting terrorism, cave-ins and brain-eating amoeba from Michael's new book 'Who Is Government?'.

For a full list of sources, see the show notes at timharford.com.

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For the International Day of Happiness, we're sharing a special episode from The Happiness Lab. It's a chance to talk about happiness and what we can all do to be happier. March 20th also sees the release of the World Happiness Report. A big finding of 2025's report is that more of us are dining alone—and that's bad news. 

The report's editor Jan-Emmanuel De Neve shares the stark figures showing that shared meals are in decline, while Dr. Anne Fischel of The Family Dinner Project gives tips on how to dine better with friends, families and colleagues. 

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