It's been 20 years since the U.S. invaded Iraq and the toll continues to mount. Hundreds of thousands died in the fighting and millions were displaced, when you count the ancillary wars that rippled across the region. Adam and Cameron focus their discussion this week on Iraq's economy, which was devastated by the war and has never fully recovered. Learn more about your ad choices. Visit megaphone.fm/adchoices
Mar 24, 2023•26 min•Season 1Ep. 79
Adam and Cameron discuss what really caused Silicon Valley Bank to collapse and what other potential calamities to look for in the coming weeks and months. Learn more about your ad choices. Visit megaphone.fm/adchoices
Mar 17, 2023•31 min•Season 1Ep. 78
Environmentally conscious investing has been a thing for at least two decades now, with many corporations around the world embracing it. But the backlash is now a thing as well, driven largely by anti-woke activists and lawmakers. On the show this week, Adam and Cameron explain the mechanics of ESG—environmental, social and governance investing—and break down the arguments for and against. Also on the show: The economics of divorce. Learn more about your ad choices. Visit megaphone.fm/adchoices
Mar 10, 2023•43 min•Season 1Ep. 77
According to the Bureau of Labor Statistics, U.S. inflation rates only rose by half a percentage point in January – the slowest annual rate for inflation in more than a year. Still, after periods of inflation, most economists expect a recession in the near future. But will it be a hard landing recession with many job losses, or a less painful soft landing? On this week’s episode, hosts Cameron Abadi and Adam Tooze discuss how plausible a soft landing scenario may be. Plus: the financials of ther...
Mar 03, 2023•39 min•Season 1Ep. 76
Poland has had an incredible economic rise since the collapse of communism, even as its government has become increasingly illiberal. Are the two things connected? Or contradictory? Adam and Cameron dig in. Also on the episode: The economics of marriage. Learn more about your ad choices. Visit megaphone.fm/adchoices
Feb 24, 2023•41 min•Season 1Ep. 75
As Elon Musk's fortune dwindles to a mere $190 billion, a new oligarch has been crowned the richest person in the world: Bernard Arnault of France. On the episode this week, Cameron and Adam discuss how Arnault made his money and what his empire tells us about his home country. Also on the show: the economics of chocolate. Learn more about your ad choices. Visit megaphone.fm/adchoices
Feb 17, 2023•37 min•Season 1Ep. 74
This week's episode happens to overlap with Valentine's Day, so we thought we'd use that as an opportunity to start a new series on the economics of love. For the next several weeks, we're going to be spending part of every show talking about romantic relationships from an economic perspective. We thought we'd start this week with the place that most romantic relationships tend to start, and that is with dating, specifically with dating apps. And the data point there is 39 39%. That is the share...
Feb 10, 2023•31 min•Season 1Ep. 73
A special bonus this week, we share an episode from Heat of The Moment, a podcast from FP and the Climate Investment Funds which offers a hopeful perspective on the climate crisis. The latest season focuses on a "just transition," the idea that as we shift to climate-smarter energy, food systems, infrastructure, and more, we bring everyone along. Also that the communities and industries who historically made their living from fossil fuels or unsustainable practices, for example, aren't left behi...
Feb 06, 2023•26 min
When activist short-seller Hindenburg Research issued a scathing report about the Adani Group this past week, the value of the Indian conglomerate plunged quickly. Adam and Cameron discuss Hindenburg's findings and what they say about the Indian economy. Learn more about your ad choices. Visit megaphone.fm/adchoices
Feb 03, 2023•33 min•Season 1Ep. 71
With news that Western countries will send tanks to Ukraine, Cameron and Adam discuss how the weapon system could help fend off Russia—and why it won't. Learn more about your ad choices. Visit megaphone.fm/adchoices
Jan 27, 2023•31 min•Season 1Ep. 70
Three years ago, a new virus wreaked havoc on China and triggered a public health and economic crisis around the world. Today, COVID is still roiling China and destabilizing the world economy. \ Learn more about your ad choices. Visit megaphone.fm/adchoices
Jan 20, 2023•31 min•Season 1Ep. 69
Dr. Martin Luther King, Jr., was a towering figure in the history of American civil rights. But he also had an economic philosophy, and he expressed his ideas late in life about capitalism, communism and the right path for the United States. As Americans observe King's birthday in the coming week, Adam and Cameron discuss his approach to economic policy and justice. Learn more about your ad choices. Visit megaphone.fm/adchoices
Jan 13, 2023•39 min•Season 1Ep. 68
How did The Bahamas become a global center for money laundering, tax avoidance, and financial engineering? Adam and Cameron take up this question following the collapse of FTX, which had its headquarters in the island country. Also on the show: Is the fusion revolution really here? Learn more about your ad choices. Visit megaphone.fm/adchoices
Jan 06, 2023•34 min•Season 1Ep. 67
On this episode, Adam and Cameron discuss three things that could roil the world's economy in 2023: the downturn in the U.S. housing market, the yield curve control of the Bank of Japan, and the debt crisis in Africa. Learn more about your ad choices. Visit megaphone.fm/adchoices
Dec 30, 2022•40 min•Season 1Ep. 66
The United States is challenging the very authority of the World Trade Organization—which it helped establish decades ago. Adam and Cameron discuss why and what a weakened WTO would mean for the world. Also on the show: Why Americans give more to charity than anyone else in the world (hint: it's less about altruism and more about how Americans organize themselves). Learn more about your ad choices. Visit megaphone.fm/adchoices
Dec 23, 2022•42 min•Season 1Ep. 65
Adam and Cameron look back at the first 10 months of Russia's war in Ukraine and its economic impact around the world. They also discuss the economics of...snow—just in time for the winter. Learn more about your ad choices. Visit megaphone.fm/adchoices
Dec 16, 2022•44 min•Season 1Ep. 64
Natural gas has made Qatar among the wealthiest countries in the world. On this episode, Adam and Cameron discuss whether global warming and other factors will change the country's economic outlook. Also on the show: ChatGPT is pushing AI into the mainstream. What does it mean for labor markets? Learn more about your ad choices. Visit megaphone.fm/adchoices
Dec 09, 2022•41 min•Season 1Ep. 63
China was one of the first countries to produce a COVID vaccine but nearly three years into the pandemic, only 50 percent of its population is vaccinated. Why is that? And why did Chinese leaders opt for lockdowns instead of a more aggressive vaccination campaign? On this episode, Cameron and Adam unpack the issue and assess what sustained protests could mean for China and the world. Learn more about your ad choices. Visit megaphone.fm/adchoices
Dec 02, 2022•33 min•Season 1Ep. 62
Ever want to know why turkeys are actually cheaper around Thanksgiving or the origins of Black Friday? Get ready to be the smartest person at the holiday table as Adam reveals some of the lesser known economic histories of Thanksgiving. In the second segment Adam and Cameron share what they've been most thankful for this past year. Learn more about your ad choices. Visit megaphone.fm/adchoices
Nov 23, 2022•27 min•Season 1Ep. 61
This week on the show, hosts Cameron Abadi and Adam Tooze analyze how the $32 billion cryptocurrency company FTX went bankrupt and its implications for crypto more generally. They also discuss inflation’s surprisingly small role in the U.S. midterm election results. Learn more about your ad choices. Visit megaphone.fm/adchoices
Nov 18, 2022•35 min•Season 1Ep. 60
Adam and Cameron discuss the work of French philosopher Bruno Latour, who died last month. Latour was not an economist but his ideas touched on related issues, including climate change, economic growth, and the relationship between scientific inquiry and facts. His work had a profound influence on Adam. Learn more about your ad choices. Visit megaphone.fm/adchoices
Nov 11, 2022•28 min•Season 1Ep. 59
On this episode, Cameron and Adam discuss the challenges facing Luiz Inácio Lula da Silva, the new leader of Brazil. Also on the show, a report card for Olaf Scholz, who began serving a year ago as Germany's chancellor. Learn more about your ad choices. Visit megaphone.fm/adchoices
Nov 04, 2022•37 min•Season 1Ep. 58
This week we bring you a live recording of Ones and Tooze, taped at the Caveat Theatre in New York City. The show begins with a segment on Adam himself—how he came to be an economic historian and what political and philosophical tenets underpin his writing. Cameron and Adam also discuss the malign influence of billionaire Peter Thiel on American politics, and the declining importance of Wall Street as a place to hang out your shingle. Learn more about your ad choices. Visit megaphone.fm/adchoice...
Oct 28, 2022•1 hr 17 min•Season 1Ep. 57
This week on the show, Cameron and Adam discuss Liz Truss's resignation, and the economics of Halloween. They also address listener questions. Learn more about your ad choices. Visit megaphone.fm/adchoices
Oct 21, 2022•35 min•Season 1Ep. 56
In what's becoming an annual traditional, Adam and Cameron examine the Nobel Economics Prize. This year former U.S. Federal Reserve Chair Ben Bernanke as well as economists Douglas Diamond and Philip Dybvig won for their research on preventing bank runs. Adam notes that while the study of bank runs isn't new, the work of this trio helped provide greater understanding of the macroeconomic forces behind banking. In the second segment, the two reflect on the recent protests in Iran and the current ...
Oct 14, 2022•35 min•Season 1Ep. 55
Winter is coming and Europe is facing an energy crisis that people are calling "generational." Gas prices are now eight times what they were on average over the past 10 years and eight times more expensive than in the United States. On the show this week, Adam and Cameron discuss how bad it could get and why next year could be even worse. Hey Ones and Tooze Listeners in NYC, come check out our first live show on Oct 25th at 7pm. Click here to purchase tickets. Not in NYC? No problem! Click here ...
Oct 07, 2022•33 min•Season 1Ep. 54
The economic news from Britain could hardly be worse. In the weeks since Liz Truss became prime minister, the British pound has fallen to historic lows, financial markets lost $500 billion, and the IMF has issued warnings. Adam and Cameron explain what happened and where things go from here. Also: India's economy is surging but why hasn't New Delhi been able to match Beijing's economic success of the past few decades? Hey Ones and Tooze Listeners in NYC, come check out our first live show on Oct...
Sep 30, 2022•47 min•Season 1Ep. 53
In today's episode hosts Cameron Abadi and Adam Tooze preview the upcoming Italian election and the rise of Giorgia Meloni. Her party, Brothers of Italy, is leading in the polls and has a lineage that connects it directly to former Italian fascist dictator Benito Mussolini. They also examine the current appeal of far-right rhetoric in Italy and the long term implications a Meloni government would have on the country's economy. In the second segment the two dissect the economic history of Austral...
Sep 23, 2022•39 min•Season 1Ep. 52
In this episode hosts Cameron Abadi and Adam Tooze take a look at how Ukraine's war against Russia is straining the country's finances and the increasing pressure the US and EU will face to save the country from financial collapse. In the second segment, in the wake of the passing of Queen Elizabeth II, the two examine the UK's financial relationship with its monarchy and how it's evolved over the centuries. Learn more about your ad choices. Visit megaphone.fm/adchoices
Sep 16, 2022•37 min•Season 1Ep. 51
China's economy is projected to grow by four percent this year, a rate that many countries would envy. But with China's track record, that number could actually be a harbinger of bad news. On today's show, Adam and Cameron discuss the mechanics of the Chinese economy and why it's unlike any other in the world. Also on the show: Golf has been described as a game of strenuous idleness. How did it become an $84 billion industry in the United States? And... Adam and Cameron will be doing a live tapi...
Sep 09, 2022•36 min•Season 1Ep. 50
