The David McWilliams Podcast - podcast cover

The David McWilliams Podcast

David McWilliams & John Daviswww.davidmcwilliams.ie

The aim of this weekly podcast is to make economics easy, uncomplicated and accessible. With the world at a political, technological and financial tipping point, economics has never been so important to all of us and yet, it’s made inaccessible and complicated by so many.

I’ve always thought what is complicated is rarely important and what is important is rarely complicated.


That will be our motto.


Every week we are going to tease out some big economic or political issue facing us, not just here in Ireland but in Europe and further afield. Globalisation has brought us all together. We all face similar challenges whether you live in Dublin, London, Minnesota or Milan.


If you would like to enjoy all of our content ad-free and have early access to episodes, subscribe to DMCW+ on Apple Podcast.


Want to join our crew? Join at davidmcwilliams.ie/crew, where you can enjoy ad-free listening, as well as exclusive bonus content such as premium episodes, our macroeconomics course, early access to episodes and pre-sale access to tickets for Dalkey Book Festival & Kilkenomics.

Hosted on Acast. See acast.com/privacy for more information.

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Episodes

The 2nd Atomic Age

With markets gyrating all over the shop, it's easy to forget the big picture. The price of energy is the foundational price in any economy. Right now it's too high, but it will come down. And, getting it down, plus achieving net zero on carbon emissions are two of the most critical objectives for the entire globe. So how do we get enough clean energy to power the world, and bring down pollution? Nuclear has to be on the cards and in the mix. Let's explore. Hosted on Acast. See acast.com/privacy ...

Jun 16, 202240 minSeason 2Ep. 248

Inflation returns (kinda), what would James Joyce think?

Inflation is back. Don't panic....unless you bought Bitcoin in the past year. Inflation will abate as the policy and the economy adjust, but it may take a bit of time. Plus Bloomonomics - the economics of Ulysses and it's hero Leopold Bloom - what it tells us about creating and fostering civic, mixed living cities - which are the font of most innovation, and economic growth. Hosted on Acast. See acast.com/privacy for more information.

Jun 14, 202239 minSeason 2Ep. 247

Platinum Jubilee, Sordid Slavery

As the UK celebrates the Queen Elizabeth's Jubilee, we forget that monarchies have historically sat on top of an economic system with slaves, colonies and extractive settlements, the objective of which was to steal wholesale from the colonised countries and peoples. The legacy of the colonialism runs deep in many parts of the world. This week we focus on the Caribbean, its traumatic legacy and how the money taken from there fuelled the capital markets of the 18th century and the industrial revol...

Jun 09, 202232 minSeason 2Ep. 246

What hairdressers and Lobster Thermidor tell us about the economy, employment and inflation

The economy is changing rapidly, we are seeing challenges everywhere, almost all have to do with an excess of demand and deficient supply. This is, in the context of the past hundred years economic history, a brilliant to place to be! is But we might be looking at big developments, not just for policy, but for the coming conflict between public sectors and the governments - everywhere. Hosted on Acast. See acast.com/privacy for more information.

Jun 07, 202232 minSeason 2Ep. 245

Putin and the long game against the West

Last week president Zelensky addressed Davos asking the WEF to help Ukraine rebuild, we talk being at Davos, and why in many ways Davos Man has been involved with Russia long before the Ukraine war came along. We also hear from Bill Browder about the nature of dealing with Putin and question as to whether the West will hold strong against Putin's long game. Hosted on Acast. See acast.com/privacy for more information.

Jun 02, 202245 minSeason 2Ep. 244

Brexiternity - the only way the Tories to stay in power

We focus on our closet neighbour the UK today as it turns its back on the metric system. Yes, true, you believe it? We explore why the Tories have to keep Brexit going. It's their only electoral meal ticket. Expect more "false flag" operations, more weaponizing of Northern Ireland and more jingoistic nonsense about imperial weights, miles, furlongs and the like. You never know, if we wait long enough decimalization might be gone and they'll be back to the half-crown, farthing and shilling! Hoste...

May 31, 202235 minSeason 2Ep. 243

There's great dryin' in that wind!

Economics is energy and energy is economics. Imagine a country blessed with renewable energy, able to power itself and export electricity, faced with the opportunity to completely transform its economy and society and contribute positively to eliminating carbon emissions? That country is Ireland; and outcrop in the north Atlantic buffeted by maritime winds. When Mammy said there's great drying in that wind, she was talking about the transformative opportunity that living in a constant gale affor...

May 26, 202238 minSeason 2Ep. 242

A Global Perfect Storm

Markets are suffering from global contagion. Stock markets are down 22% this year. Bonds are tanking too. There are at least four if not five proximate reasons as the global economy heads towards coordinated recession. China (17% of the global economy) is at a stand still due to zero covid, the US is fighting inflation. Europe's real incomes have been squeezed by "Putinflation" and emerging markets are running out of dollars. We tease out the big picture and what it means for all of us. Hosted o...

May 24, 202228 minSeason 2Ep. 241

Living with inflation, the story of Turkey

Today’s episode is going to be exploring the intersection between Turkey and inflation, a country that has been living for many years with what traditional metrics would call “out of control” inflation for the last few years. Hosted on Acast. See acast.com/privacy for more information.

May 19, 202247 minSeason 2Ep. 240

Coins and Crypto Carnage

Digital assets are crashing across the board, something that we’ve warned about across various episodes. Today’s chat is about what is happening & why its happening - is this going to be like the .com crash or like the sub-prime crisis (much worse). Hosted on Acast. See acast.com/privacy for more information.

May 17, 202245 minSeason 2Ep. 239

Scandinavian Models

Swanneying around Gothenburg this week, the thought stuck me how do these people do it? Why do the Scandinavians do this so well economically, from income, to health, to women feeling safe walking alone at night, Scandinavian countries lead the way, why? Starting from a car wash analogy, we interrogate wage equality, why higher wages at the lower-end are critical to innovation and creating a more fair society - something the Scandinavian countries seem to have figured out ahead of everyone else!...

May 12, 202247 minSeason 2Ep. 238

The coming interest rate crusade against inflation?

Imagine mortgage rates at 8%, inconceivable possibly but when you think about it not completely out of the question. Historically we've been here before. We examine the last time the interest/inflation cycle turned, what happened, who paid most and what were the long-term consequences? Buckle up for the ride. Hosted on Acast. See acast.com/privacy for more information.

May 10, 202243 minSeason 2Ep. 237

The Death of Distance - direct from Inis Meain

This one’s a special one: we’re coming to you from Inis Meain, the middle island of the three Aran islands to discuss how Covid and connectivity has enhanced our ability to thrive in remote locations, how going upmarket is the way forward and how this small Irish-speaking community is preserving its (and our) roots while at the same time, adjusting to this new modern reality. Ultimately we are witnessing the death of distance, and, in the future, the more distant you are, the more you will benef...

May 05, 202242 minSeason 2Ep. 236

What can the Reformation tell us about Twitter, Martin Luther, Elon Musk and Vladimir Putin?

What is power? How is it acquired and who owns it? We look at the economics of power, the power of networks and the "strength of weak ties" and the constant historic tension between vertical power, the type deployed by Putin, and horizontal power the type sought by Musk. Plus we explore what they can both learn from the master "influencer" of the early 16th century, Martin Luther. Hosted on Acast. See acast.com/privacy for more information.

May 03, 202235 minSeason 2Ep. 235

The Biggest Question in Economics - How exactly does and economy grow or contract?

Economies weren’t always focused on growth, as weird as that might sound now, growth, is a relatively new concept. Today we’re joined by one of the greats: Mark Blyth, who talks to us about past & future growth rates… and how the planet plays into it. Hosted on Acast. See acast.com/privacy for more information.

Apr 28, 202240 minSeason 2Ep. 234

The centre just held in France, but with houses prices out of control, will it here?

Today’s episode covers a wide range of economic headlines, from the Inis Meain 10k, the critical roll of credit unions, Macron's win, to Irish housing and what the dysfunctional markets for cars in Cuba can tell us about the equally dysfunctional Irish housing market. Hope you enjoy it...if that's the word! Hosted on Acast. See acast.com/privacy for more information.

Apr 26, 202240 minSeason 2Ep. 233

The third world debt crisis is going to affect you

One continent has been missing from the headlines lately - Africa: they’re going through a severe debt crisis and with the current state of globalization, what happens there is going to ripple here. Join us as we break it down with David McNair Hosted on Acast. See acast.com/privacy for more information.

Apr 21, 202244 minSeason 2Ep. 232

231 - Germany's dreadful choice & Elon Musk's “Chaos monkey” moment

Today’s episode is split in two - we start by looking at what German cowardice & its refusal to sanction Russian gas means for both the war and the western alliance. Then we talk Twitter with Mark Little who helps us breakdown the issues thrown up by Musk's bid to take over Twitter and what it tells us about the economics of the internet. Hosted on Acast. See acast.com/privacy for more information.

Apr 19, 202243 min

230 - How to save democracy

Democracy is often accepted as a given - but it is anything but. Today we tackle the myths about democracy and immigrants to hopefully lay the blueprints for a more resilient society. Hosted on Acast. See acast.com/privacy for more information.

Apr 14, 202239 min

229 - Pipes, Pumps and Putin. The Energy Crisis is here.

Europe usually has a 14 day supply of diesel, which is currently down to 4 days. In the coming days Russia might cut off Europe or Europe might decide to stop buying from Russia - what happens then? Hosted on Acast. See acast.com/privacy for more information.

Apr 12, 202235 min

228 - The uncomfortable reality of our energy future

Today we’re joined by Doomberg to talk about the way out of our energy crisis - because energy is quite literally life. The way out of this mess might necessitate us coming to grips with the fact that we’re going to have some imperfect allies to survive. Hosted on Acast. See acast.com/privacy for more information.

Apr 07, 202233 min

227 - Crunch Time for Energy

This week is all about energy - Putin’s betting Europe won't stand firm, if diesel begins to run out. The next few weeks will be crucial. We've have not seen an energy crisis like this since 1973. With inflation set to rise further and output slumping due to our ill-conceived dependence on Russian energy, it's crunch time for Europe! Hosted on Acast. See acast.com/privacy for more information.

Apr 05, 202236 min

226 - REITs and the possible end of Russia

We start with a breakdown of what exactly is a REIT before the conversation turns to Russia - and more specifically the multi-faceted population of Russia. Are we nearing the point where the population reminds Moscow that it doesn’t speak for the whole country? Hosted on Acast. See acast.com/privacy for more information.

Mar 31, 202232 min

225 - The economics of energy

Economics has always been about energy. When the price of energy rises, everything follows. We go to the Gulf to understand the politics of energy and Putin's calculation that an energy war will cause a Western recession, just like 1973, may well come off. Hosted on Acast. See acast.com/privacy for more information.

Mar 29, 202240 min

224 - The Resurgence of the Liberal order

Putin has weaponized global capital and because of that action I believe that we will see investment flow towards liberal democracies, which is a massive economic opportunity for the countries that will present themselves as a safe place to use business - but we have to get inflation under control! Hosted on Acast. See acast.com/privacy for more information.

Mar 24, 202228 min

223 - China at a tipping point

China looks to have made its choice for now, and it is with Russia. This might be the most consequential decision for the world economy since the fall of the Berlin wall. Globalization is in the balance and a bipolar world of us and them, now looks likely. Why would China risk everything to bail out Putin? Thats the question. Hosted on Acast. See acast.com/privacy for more information.

Mar 22, 202240 min

222 - Odessa - the vibrant symbol of urban irreverence and why it irritates Putin so much.

As the war in Ukraine continues, we focus on an extraordinary city which could well be the next Russian target, Odessa. A product of commerce and an effervescent example of urban economics, Odessa is cosmopolitan, tolerant, self-reinventing, brimming of various ethnicities, home to Russian intellectual greats Pushkin, Babel, Eisenstein and Jabotinsky. Today this great city is on the frontline. We explore its economy and history, and why destroying this city is akin to destroying an idea, which i...

Mar 17, 202241 min

221 - Why climate change is an investment, not a cost

To reach the global climate goals in 2030, we need to half our emissions, so speed is the name of the game! Join us as Eric Lonergan & Corinne Sawers talk about the steps and mindset that we need to adopt to save the planet. Hosted on Acast. See acast.com/privacy for more information.

Mar 15, 202238 min

220 - Russian sanctions explained with Sony Kapoor

Let's look at the next stage of sanctions, how they're designed and how the whole world is reacting to their implementation. Hosted on Acast. See acast.com/privacy for more information.

Mar 10, 202247 min

219 - Women in economics

The celebrate international women’s day we ask why are women still so underrepresented in economics? Hosted on Acast. See acast.com/privacy for more information.

Mar 08, 202232 min
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