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PODCAST

Ones and Tooze

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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All Episodes

35:24

Liz Truss, Halloween, and Listener Questions

Ones and Tooze ·

2022/10/21

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

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35:22

The Nobel Economics Prize Rewards Bank Run Breakthroughs

Ones and Tooze ·

2022/10/14

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

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32:46

Europe's Energy Crisis: How Bad and How Long?

Ones and Tooze ·

2022/10/07

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

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47:03

Britain's Economic Freefall

Ones and Tooze ·

2022/09/30

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

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38:38

Is Italy on the Verge of Returning to Fascism?

Ones and Tooze ·

2022/09/23

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,

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36:33

Can Ukraine Win the War Yet Lose Their Economy?

Ones and Tooze ·

2022/09/16

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

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36:13

Is China's Economy in Trouble?

Ones and Tooze ·

2022/09/09

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

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32:38

The Cost of Space Exploration

Ones and Tooze ·

2022/09/02

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. Learn more about your ad choices. Visit megaphone.fm/adchoices

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35:24

Why the World's Top Economists are Going to Jackson Hole

Ones and Tooze ·

2022/08/26

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. Learn more about your ad choices. Visit megaphone.fm/adchoices

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34:35

The Crazy Economics of Book Publishing

Ones and Tooze ·

2022/08/19

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

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37:12

Rise of the Green Industrial Complex?

Ones and Tooze ·

2022/08/12

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? Learn more about your ad choices. Visit megaphone.fm/adchoices

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39:38

Is A Strong US Dollar A Good Thing?

Ones and Tooze ·

2022/08/05

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. Learn more about your ad choices. Visit megaphone.fm/adchoices

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34:58

Stagflation Nation?

Ones and Tooze ·

2022/07/29

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. Learn more about your ad choices. Visit megaphone.fm/adchoices

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35:57

Why do Italian Governments Collapse so Often?

Ones and Tooze ·

2022/07/22

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. Learn more about your ad choices. Visit megaphone.fm/adchoices

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35:25

The State of the Saudi Economy

Ones and Tooze ·

2022/07/15

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. Learn more about your ad choices. Visit megaphone.fm/adchoices

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35:08

What Fluctuating Oil and Gas Prices Mean for the World.

Ones and Tooze ·

2022/07/08

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. Learn more about your ad choices. Visit megaphone.fm/adchoices

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35:58

What NATO Expansion Means for Europe and the World

Ones and Tooze ·

2022/07/01

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. Learn more about your ad choices. Visit megaphone.fm/adchoices

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32:55

How Flying Got to be so Miserable

Ones and Tooze ·

2022/06/24

On this episode, Adam and Cameron explain why flight disruptions and cancellations are the new normal. They also discuss the economics of summer vacation. Learn more about your ad choices. Visit megaphone.fm/adchoices

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35:55

The Fed Interest Rate Hike

Ones and Tooze ·

2022/06/17

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

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34:10

Why the Ukraine War has Germany Worried About Bunkers

Ones and Tooze ·

2022/06/10

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. Learn more about your ad choices. Visit megaphone.fm/adchoices

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