Ones and Tooze: Recent Episodes
Foreign Policy
Foreign Policy economics columnist Adam Tooze, a history professor and a popular author, is encyclopedic about basically everything: from the COVID shutdown, to climate change, to pasta sauce. On our new podcast, Tooze and FP deputy editor Cameron Abadi will look at two data points each week that explain the world: one drawn from the week’s headlines and the other from just about anywhere else Tooze takes us. Check out Adam Tooze’s column at https://foreignpolicy.com/author/adam-tooze/.
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Economic growth in Japan is surging while the U.K. continues its long slump. Adam and Cameron explain what's driving the trends in each country. Learn more about your ad choices. Visit megaphone.fm/adchoices
Are western sanctions on Russia working? The country's Central Bank raised the interest rate by a dramatic 3.5 percent in the past week after the ruble dropped sharply—clear signs that the Russian economy is faltering. But in many ways, Moscow has defied expectations. Adam and Cameron explain how. Learn more about your ad choices. Visit megaphone.fm/adchoices
China's is facing a crisis in its real estate market that threatens to impact the economy overall. Adam and Cameron explore the broader issues in China that account for the slowdown. Learn more about your ad choices. Visit megaphone.fm/adchoices
The government of Prime Minister Benjamin Netanyahu has been moving Israel steadily toward authoritarianism, with a series of proposed laws designed to weaken the Supreme Court. In response, many thousands of Israelis have protested, high tech companies have pulled out, and credit rating agencies are issuing warnings about investment in Israel. Cameron and Adam discuss how all this will impact Israel's economy and the country's future. Learn more about your ad choices. Visit megaphone.fm/adchoices
For a bonus listen this week, we're sharing an episode from The Hidden Economics of Remarkable Women, a podcast from FP about women creating change through economic empowerment, hosted by Reena Ninan. The latest season focuses on the role of male allies. When are they effective? Why are they doing this work? And how do they influence men and boys? In this episode, hear how two groups of allies in South Africa are working to end gender-based violence in their country. Learn more about your ad choices. Visit megaphone.fm/adchoices
What is President Biden's economic philosophy? Post neoliberal? Or maybe pre neoliberal? Or something else altogether? Adam and Cameron discuss. Learn more about your ad choices. Visit megaphone.fm/adchoices
The old debate over equity in Hollywood has become much more complicated thanks to streaming services and artificial intelligence. Adam and Cameron break it down. Learn more about your ad choices. Visit megaphone.fm/adchoices
Addressing crises around the world from climate change to poverty will require spending many trillions of dollars. Yet the T word remains a taboo among politicians. On this episode, Adam and Cameron discuss why we need to embrace it. Also on the show: The economics of cigarettes. Learn more about your ad choices. Visit megaphone.fm/adchoices
Apple this week became the first company ever to reach a valuation of $3 trillion. Is the company that Jobs built really worth that much? Adam and Cameron discuss. Learn more about your ad choices. Visit megaphone.fm/adchoices
The mutiny in Russia led by Yevgeny Prigozhin this past week raises tough questions about the future of President Vladimir Putin. Adam and Cameron discuss the military and economic implications. Also on the show: The economics of fireworks. Learn more about your ad choices. Visit megaphone.fm/adchoices
Europeans recall a time when their economy was substantially larger than America's. But in the past 15 years, the United States has surged while Europe has declined. On the show this week, Adam and Cameron discuss why that is and what the implications are on both sides of the Atlantic. Also on the show: The economics of drones. Learn more about your ad choices. Visit megaphone.fm/adchoices
On today's episode, Adam and Cam look at the devastating impact Russia's war on Ukraine has had on Ukraine's infrastructure - in particular the destruction of the Kakhovka dam. In the second segment, the two reflect back on the life of former Italian Prime Minister Silvio Berlusconi and try to parse out how much his personal scandals impacted the national economy. Learn more about your ad choices. Visit megaphone.fm/adchoices
An exhibition in Amsterdam of the Dutch painter Johannes Vermeer's works has been sold out for months. But what's in it for the museum hosting the collection? Adam and Cameron discuss the economics of high art and blockbuster art shows. Also on the podcast: The economics of professional basketball.
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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.
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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.
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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.
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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?
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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.
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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).
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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.
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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?
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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.
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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.
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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.
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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.
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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.
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.
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This week on the show, Cameron and Adam discuss Liz Truss's resignation, and the economics of Halloween. They also address listener questions.
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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 role of women in the country. They also take a broader view of the Iranian economy and its tremendous potential if it were to allow full participation from women and was no longer under international sanctions.
Want to see Adam and Cameron's live show but won't be in NYC on October 25th? Click here to buy tickets to watch the live stream or on demand for a full week afterward.
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 to sign up for a virtual ticket.
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 25th at 7pm. Click here to purchase tickets. Not in NYC? No problem! Click here to sign up for a virtual ticket.
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 Australia, from its beginnings as British penal colony to its more recent decades-long run of positive growth.
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.
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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 taping of the show in New York City on October 25th! This is the podcast's first-ever live show, at an intimate venue on the Lower East Side. Seating is limited! Follow the link for tickets (livestream available as well). https://www.caveat.nyc/events/ones-and-tooze-live-10-25-2022
As NASA prepares for new missions Adam and Cameron look at the cost of space exploration and how America views its return investing in the space program. The two also discuss what a possible lunar economy might look like. In the second segment Adam answers listener questions on everything from how to get the rich to pay their fair share to the economics of union organizing.
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Hosts Adam Tooze and Cameron Abadi look at the Jackson Hole Economic Symposium taking place this week and talk about its history and its significance in influencing world economics. And in the second segment the two discuss the massive teacher shortage occuring in the United States this year and how teacher salaries have failed to keep pace with the salaries of similarly educated professionals.
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For the news data point this week Cameron and Adam look at the proposed merger of Penguin Random House with Simon & Schuster as well as the tragic attack on acclaimed novelist Salman Rushdie. The two then discuss the overall state of the publishing industry and how digitization has impacted the business model for major publishing houses as well as their relationship with libraries.
In the second segment the two discuss the astronomical inflation currently underway in Argentina. Adam gives a historical look back at the Argentine economy and details the decline that has lasted for nearly a century. The two also talk about how uncertainty in the price of food has had a negative impact not only on GDP but mental health as well.
On the show this week: The Inflation Reduction Act isn't the climate change revolution that some Democrats had hoped for. But it could signal a shift in the power balance between the fossil fuel industry and the renewable energy industry.
Also: How much will it cost to rebuild Ukraine when the war finally ends and who will foot the bill?
In this episode Cameron and Adam discuss how the US dollar has reached near parity with the Euro and is the strongest it's been in nearly two decades. The two review what that means for exports and imports and what it says about the overall strength of the US economy. Plus a look at how some Americans are finding it cheaper to buy homes in Europe rather than the US and what that says about the housing markets at home and abroad.
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On this episode, Adam and Cameron discuss stagflation—possibly the most ominous portmanteau in the English language. It's the double whammy of inflation combined with zero or negative economic growth. How can the two coexist? And what does stagflation mean for the world economy?
Later on the show, they talk about dinosaur bones and the economics of Jurassic Park—if it could actually exist.
With the latest political turmoil in Italy, Adam and Cameron consider a bewildering data point: The country has had 67 governments in the past 75 years. Why are Italian politics so chronically unstable and what does the economy have to do with it?
Later in the show: The economics of food insecurity.
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As U.S. President Joe Biden visits Saudi Arabia, where he hopes to get more oil, Adam Tooze and Cameron Abadi look at the broader state of the Saudi economy. Then, Adam and Cam answer a first batch of listener-recorded questions. Expect a lot more soon.
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Adam and Cameron look at dropping prices for crude oil and forecast what that might mean for the global economy. And they take a broader look at energy consumption and what can be done to curb it in times of crisis. In the second segment the two take a deep dive into playgrounds and the history of how they've been valued.
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NATO is enlarging its rapid response force from 40,000 to 300,000, in light of Russia's invasion of Ukraine—a huge expansion. But who will foot the bill and how will the force operate in practice? Adam and Cameron discuss these and other questions in the first segment of the episode. Then, to mark the July 4th holiday, they dive into the history and economics of...hot dogs.
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On this episode, Adam and Cameron explain why flight disruptions and cancellations are the new normal. They also discuss the economics of summer vacation.
It has been a rocky week for the U.S. economy, with record high inflation reports and the Federal Reserve increasing benchmark interest rates by three-quarters of a percentage point. This is the steepest hike in close to thirty years. In this episode, Adam and Cam make sense of this spike and ponder what the Biden administration should do to curb inflation – if anything.
Later on, they set their eyes on Colombia, which has a presidential election on Sunday. For the first time in Colombia, there's a high likelihood they may elect a left-wing president. Adam and Cam analyze why right-wing economics have been such a large part of Colombian history and what presidential candidate Gustavo Petro’s proposed policies could do for the country.
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In this episode, Cameron and Adam dive deep into the economics of bunkers. Mostly seen as relics of the Cold War, they now are gaining renewed interest with the conflict in Ukraine. Then, the two discuss the Faroe Islands, a self-governing archipelago in the North Atlantic ocean. Despite its tiny size and dreary climate, it has managed to thrive economically with a robust fishing industry.
With the U.S. Supreme Court apparently poised to overturn abortion rights, Adam and Cameron discuss the potential economic impact on women. Later on the show, they look at the economic indicators that characterized the 1970s—inflation, high energy prices, and slower growth—and discuss whether our national feeling of déjà vu is warranted.
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It was hard not to think about the mass shooting at Robb Elementary School in Uvalde, Texas. In this week’s show, Cam and Adam look at where funding for school safety actually goes and what emerging research tells us about the long-term impact of school shootings on children’s futures. Later in the show, with Adam in Davos, Switzerland for the World Economic Forum, Adam and Cam consider what makes the Swiss economy special.
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With the collapse of stablecoin and the blow to cryptocurrencies like Bitcoin hosts Adam Tooze and Cameron Abadi take another look at crypto markets and parse out what's behind their instability. Plus, a look at the link between air conditioning and productivity and why climate change is making cooling technology increasingly vital.
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The U.S. unemployment rate is 3.6 percent, the lowest it’s been since the pandemic began in March 2020. So why aren’t we celebrating that? Adam and Cam dig into the other things bumming people out about the economy, as well as how low unemployment and inflation impact each other. In this first segment, Adam and Cam also answer the show’s first-ever listener audio question! After that, they look at Africa’s population boom and the economic questions that come along with it.
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The U.S. stock market has dropped more in recent days than any other period since March 2020, the beginning of the pandemic. Adam and Cameron analyze why this is happening, beyond obvious reasons like the Fed interest rate increasing, and how much we should worry about it. Later in the show, they look at the economics behind the arms race in the war in Ukraine.
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This wonderful, nearly ten minute tangent did not quite make its way into our latest episode. But we thought many of you would appreciate Cameron and Adam's Berliner discussion. So here's that whole segment as a bonus May Day special.
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In this episode, Cameron and Adam look ahead to the upcoming May Day celebration and discuss the roots of this holiday as well as the current state of the labor movement. In the second segment, they talk about the economic impact of the massive outpouring of refugees from Ukraine both for Ukraine and for the host countries receiving Ukrainians.
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In this episode Cameron and Adam discuss how inflation is having an impact on wide swaths of the US economy and what tools are available to curb the rise. Adam also looks back at past inflation crisis to help decipher what course may be most prudent this time around. In the 2nd segment, the two discuss the critical state of Sri Lanka's economy which has suspended payments of its 51 billion dollars of foreign debt. Adam says Sri Lanka's crisis may be a harbinger for other developing economy which are still reeling from the impact of the Covid-19 crisis.
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On paper, at least, the American tax code is one of the most progressive in the world. In reality, it's deeply unfair and inefficient. On this episode, Adam and Cameron discuss how it got this way and how it compares to the systems of other countries.
Also, to mark Easter Sunday, Cameron and Adam discuss the financial state of the Catholic Church.
Western sanctions on Russia after its invasion of Ukraine quickly led the Ruble to lose more than 45 percent of its value. But these days, the Russian currency is back to its pre-war value. Cameron and Adam explain the turnaround and discuss what it means for the war.
Also on the show: The economics of canned fish.
The first round of the French presidential election is coming up on April 10. On the latest episode of Ones and Tooze, Adam and Cameron analyze what French President Emmanuel Macron’s views really are – and what it says about how France has changed.
Also, there’s an April Fools’ Day special: a segment on the economics of humor.
More than 100,000 people currently want to evacuate the besieged city of Mariupol in Ukraine. On this episode of Ones and Tooze, Adam Tooze and Cameron Abadi look at the significance of this port city to Ukraine and Russia’s military campaign.
Also on the show, Tooze and Abadi commemorate the Godfather’s 50th anniversary.
More than 50 million people are living under lockdown restrictions in China amid a dramatic surge of COVID cases. Adam and Cameron discuss the potential economic impact for countries around the world.
Also, just in time for spring, a segment on the global flower industry, worth some $8.5 billion.
As the war in Ukraine entered its third week, the price of a barrel of oil peaked at $130, its highest since 2008. The pain is already spreading around the world—to people who rely on gas to get to work or oil to heat their homes. On the show this week, Adam and Cameron discuss the possible longterm effects of the spike, including the impact on inflation and climate change.
Also on the show: Don't bet against New Yorkers. In the first month since gambling became legal in the state, residents put down a record $2 billion in wagers.The real winners are the tax authorities.
On this episode, Adam and Cameron discuss the sanctions Europe and the United States have imposed on Russia's economy in response to its invasion of Ukraine. The penalties are unprecedented in scope but will they bring an early end to the war?
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On this episode, Cameron and Adam discuss the sanctions President Biden has imposed on Moscow over its invasion of Ukraine and the gaping hole that allows Russia to continue exporting oil and gas.
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Adam and Cameron take a closer look at the economics of the Canadian trucker protest to see how much damage one blockade can inflict on the entire Canadian economy and why a singular bridge has such outsized importance for trade between the US and Canada. In the second segment, a look at the Winter Olympics from an economic standpoint; how beneficial are they for the host country, the IOC, and individual athletes? And how much is an Olympic gold medal actually worth?
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The U.S. economy grew close to 6% in 2021, the strongest year in nearly four decades. On this episode of Ones and Tooze, Adam Tooze and Cameron Abadi analyze how we have bounced back from the pandemic recession, and what ways the economy is still falling short. Spoiler: It’s more than inflation.
Also on this show, a Valentine’s Day special: Tooze and Abadi look into why perfume is booming and how the scent industry actually works.
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The cryptocurrency market has lost some $1.1 trillion in value over recent months. On this episode, Adam and Cameron discuss what accounts for the tumble and what function crypto serves beyond its appeal to financial speculators.
Also on the show, the last of our lifecycle segments focuses on inheritance and, more specifically, on where the vast fortunes accumulated by the Baby Boomer generation will go when its members die off.
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If Prime Minister Boris Johnson loses his job over the the scandals now engulfing the British government, his political obituary will focus on just three things: Brexit, COVID, and Partygate. On this week's episode, Adam and Cameron discuss the sordid legacy of a man who seemed almost invincible just two years ago, and analyze the economic impact of Johnson's policies.
Also on the show, part three of the lifecycle series: The Tawdry Arithmetic of the Midlife Crisis.
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It's been lampooned as a gathering of "the rich and the clueless." U2 lead singer Bono referred to its attendees as "fat cats in the snow." So what makes the World Economic Forum's annual conference in Davos so closely watched? Co-host Adam Tooze has been there twice and would have traveled to Switzerland again this year had the confab not been relegated to online-only status thanks to Omicron. Instead, he talks to Cameron Abadi about what really happens in Davos and how the super rich differentiate themselves from the run-of-the-mill aristocrats there.
Also on the show: Part two of our lifecycle series, this one focusing on education.
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Talks with Russia to resolve the Ukraine crisis hit a dead end this week. As Foreign Policy reports, top Biden administration officials have reiterated the possibility of economic actions against Russia if it invades Ukraine. On Ones and Tooze this week, Cameron Abadi and Adam Tooze explain how potential U.S. sanctions against Russia would work, and analyze the state of Russia’s economy in general.
Later in the show, our hosts delve into the first of a four-part series on what they’re calling “life cycle” economics – basically, the macroeconomic implications of the biggest stages of our lives. They start with conception, or the cost of creating life. More specifically, they look at why the demand for egg freezing has soared during the pandemic.
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After watching the Beatles: Get Back sessions, Cameron Abadi was inspired to dive deeper into the economics of the Beatles versus the Rolling Stones with Adam Tooze. So, rock lovers rejoice, that’s what you’ll get in the second half of Ones and Tooze this week.
But first, Tooze and Abadi dig into the heated online debate over price controls. For those not following, the internet somewhat broke over a Guardian op-ed arguing that price controls could fight inflation. Tooze tempers the hysteria and looks at the historic data.
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When we first aired this episode of Ones and Tooze on why prices are rising, analysts were warning of a possible inflation crisis. Now, two months later, the crisis is here, with inflation at a four-decade high. Listen to hosts Cameron Abadi and Adam Tooze discuss how inflation works and what it means for ordinary people around the world.
Also on the show: what Germany’s increasing demand for Italian pasta says about the European Union economy.
This is our last episode of 2021, so happy new year! We’ll be back in January.
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Congress has approved a $768 billion defense budget for 2022. If the Pentagon were a private company, would it be bigger than Amazon? Walmart?
Also, can $859 billion buy you love? Or at least domestic goodwill? That's the amount of money Americans will spend on themselves and their loved ones ahead of the Christmas holiday.
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With President Joe Biden's Democracy Summit underway, Adam and Cameron discuss whether democratic principles help or hinder economies. The answer is more complicated than you might think. Also, if you have an old Ford Escort or other classic car, hang onto it. You might get rich.
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U.S.-led sanctions have devastated Iran's economy over the past decade but have failed to curb the country's nuclear program. On this episode, Adam and Cameron discuss why sanctions sometimes work—and often don't.
Also on the show: The travel and tourism industries accounted for a whopping 10.4 percent of GDP worldwide. Then COVID-19 came along.
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10.4 million—that’s the number of jobs that are currently unfilled in the U.S. economy as of September, according to the latest data from the Bureau of Labor Statistics. That’s not much different than the record high of 10.9 million openings that were recorded back in July. As vaccinations have increased, and the economy has continued to open up, employers have been finding it incredibly difficult to find workers to fill jobs.
Economists are calling it The Great Resignation—this phenomenon of people exiting the labor force in droves, and employers struggling to fill their openings. Adam and Cameron examine The Great Resignation and what it may portend for the economy.
And then in 2nd segment the two discuss the billions of dollars Americans spend each year in the growing market for pet food. Is this consumerism run amok or does the connection between humans and pets tell a different story about the value of animal companionship?
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President Biden's infrastructure bill allocates $15 billion to making electric cars more popular in the United States. Cameron and Adam discuss how that money will be spent and why the United States is still way behind China when it comes to infrastructure for electric cars.
Also on this episode: Why COVID has been terrible for the American healthcare economy.
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On this episode, Adam Tooze and Cameron Abadi discuss the moves and countermoves of the bond market and the Federal Reserve Chairman in response to inflation.
Also: A new alliance of banks and investment funds is committing $130 trillion to carbon neutral projects in the next 30 years. Green altruism or green washing?
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On this episode, why Adam Tooze is optimistic ahead of the climate summit in Glasgow and how COP26 really works.
Also: The food crisis around the world that could become a humanitarian crisis and even a political one.
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Inflation is rising quickly. Cameron Abadi and Adam Tooze discuss the who, the why and the whattheheck? Also, why are Germans are eating so much Italian pasta and what does it tell us about the European economy?
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This week Cameron Abadi and Adam Tooze discuss the economists who won the Nobel Prize—for helping make the science of economics…more scientific.
Also: Whatever happened to cap and trade? The strategy for stemming climate change is largely dead in the United States but surging in Europe.
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On this episode of Ones and Tooze, Cameron Abadi and Adam Tooze discuss the scandal swirling around Kristalina Georgieva, who runs the International Monetary Fund. Also, what the steep rise in China’s life expectancy says about China—and about the United States.
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On this episode of Ones and Tooze, Cameron Abadi and Adam Tooze discuss the results of the German election and the economic policies of the winner, Olaf Scholz, of the Social Democratic Party. Also: Why is Greece, a country with huge debt and a terrible financial record, able to borrow money virtually for free?
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On this episode of Ones and Tooze, Cameron Abadi and Adam Tooze discuss the Chinese company Evergrande and its $300 billion debt—that has prompted panic in U.S. markets and raised fears of economic contagion. Also: Why other wealthy countries have bullet trains while the United States has... Amtrak.
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On this first episode of Ones and Tooze, Cameron Abadi and Adam Tooze discuss two stratospheric numbers: 28.5 trillion and 3.3 billion. One refers in dollars to the U.S. debt ceiling and the other corresponds to the number of people furloughed around the world during the pandemic.
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What does China’s life expectancy say about the current moment? How does the jump in U.S. interest rates back in 1994 help us understand inflation risks today? These are some of the data points that Foreign Policy columnist and acclaimed author Adam Tooze will unpack each week on Ones and Tooze, FP's new economics podcast. Join Tooze along with FP deputy editor Cameron Abadi as they connect the dots for listeners and explain how the world works. Check out Tooze’s column at https://foreignpolicy.com/author/adam-tooze/
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