In this episode of Merryn Talks Money, host Merryn Somerset Webb is joined by Bloomberg Senior Reporter John Stepek, Schroders Head of Strategic Research Duncan Lamont and Nelsons Chairman and Creative Scotland Chair Robert Wilson for a special roundtable recorded at Panmure House during the Edinburgh Fringe Festival. Marking 250 years since the publication of The Wealth of Nations, they ask what Adam Smith can teach the world about artificial intelligence, government intervention and investing. The panel discusses whether policymakers interfere too much in markets, why holding too much cash can be a risk in itself and whether investors should worry about buying stocks at record highs. They also explore what the rise of AI could mean for jobs, trust and the relationships that hold societies together. Sign up for the Merryn Talks Money newsletter https://www.bloomberg.com/account/newsletters/merryn-talks-money Sign up for the Money Distilled newsletter https://www.bloomberg.com/account/newsletters/money-distilled Watch Bloomberg Vodcasts https://www.youtube.com/playlist?list=PLe4PRejZgr0MS0Tqk_zQl1LVVTdWuH2Di Subscribe to Bloomberg Podcasts https://bit.ly/BloombergPodcasts Visit us https://www.bloomberg.com/podcasts Visit our other YouTube channels: Bloomberg Television: https://www.youtube.com/@markets Bloomberg Originals: https://www.youtube.com/bloomberg For coverage on news, markets and more http://www.bloomberg.com/video