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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

52:31

Trump's Economy

Ones and Tooze ·

2025/03/14

U.S. President Donald Trump's trade wars and other economic polices since his inauguration in January have helped wipe out some $4 trillion from U.S. stock markets. As of mid-March, the S&P 500 was more than 10 percent below its last record high. The idea some people had that tariffs would just be a threat by Trump, designed to get better trading terms from U.S. allies and adversaries, is flat-out wrong—at least for now. Adam and Cameron discuss what the impacts might be.Learn more about your ad

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59:59

Will the United States Go Broke One Day?

Ones and Tooze ·

2025/03/07

The U.S. budget deficit last year hit $1.8 trillion, bringing the overall level of American debt to some $36 trillion. The Trump administration will surely add to that figure with its plans to make current tax cuts permanent and spend more on the military and immigration enforcement. Is all this debt sustainable? Adam and Cameron discuss.Learn more about your ad choices. Visit megaphone.fm/adchoices

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64:48

Trump’s ‘Gold Card’ Path to Citizenship

Ones and Tooze ·

2025/02/28

U.S. President Donald Trump has announced a new aspect of his administration’s immigration policy: a path to citizenship for “high-level” people who can bypass the usual process by paying $5 million. Trump said the program will raise revenue for the government—but it might primarily attract Russian and Chinese oligarchs to the United States.Also on the show, Cameron and Adam discuss brutalism, an architectural style that emerged in the 1950s and is now the subject of an Oscar-nominated film. Learn

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60:57

Ukraine and Germany

Ones and Tooze ·

2025/02/21

In a matter of weeks, the United States has shifted its position from supporting Ukraine in its war with Russia to falsely denouncing it as the aggressor and demanding mineral rights worth hundreds of billions of dollars. Adam and Cameron discuss the broad impact of the shift. Also on the show: what to expect from the upcoming elections in Germany. Learn more about your ad choices. Visit megaphone.fm/adchoices

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53:56

How Scary Is DOGE?

Ones and Tooze ·

2025/02/14

Billionaire Elon Musk and his DOGE team gained access to a sensitive Treasury Department payment system, setting off alarm bells in parts of the financial community. Adam and Cameron take a look at what the payment system does and what could possibly go wrong.Also on the show: Coffee has reached record-high prices around the world. This second segment focuses on the economics of coffee. Learn more about your ad choices. Visit megaphone.fm/adchoices

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39:46

Introducing Counterpoint

Ones and Tooze ·

2025/02/12

Every day, experts from around the globe present their arguments for solving the world’s biggest problems. And every day, these experts disagree in small and large ways. At Foreign Policy, our approach is to share a wide range of opinions, side by side, day by day. But what if people could hear those arguments tested, in real time, under pressure from an opposing view–by an international cast of diplomats, journalists, academics and activists?That’s the idea behind Counterpoint, a new debate show

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50:25

Tariff Man 2.0

Ones and Tooze ·

2025/02/07

The Trump administration has imposed a 10-percent tariff on all Chinese goods coming into the United States, prompting counter measures by Beijing. What are the economic arguments that favor tariffs and how could Trump's measure backfire on the United States? Adam and Cameron dig in.Learn more about your ad choices. Visit megaphone.fm/adchoices

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31:47

The Worldview of Elon Musk

Ones and Tooze ·

2025/01/31

For decades, billionaire Elon Musk has only had the kind of power that comes with great wealth. Now he has political power, as well. What is he after? And what does he truly believe? Adam and Cameron spend the episode talking about Musk and his role in the Trump administration.Brought to you by: betterhelp.com/onestooze Learn more about your ad choices. Visit megaphone.fm/adchoices

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51:30

Trump's First Week

Ones and Tooze ·

2025/01/24

About a dozen billionaires attended U.S. President Donald Trump's inauguration this past week, including the country's tech industry titans, in a sign of how he might govern—and who has his ear. After the inauguration, Trump signed a record 26 executive orders that will shape American life in the coming years, including the economy. Adam and Cameron dig in.Learn more about your ad choices. Visit megaphone.fm/adchoices

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50:37

Los Angeles Wildfires and Trump’s Play for Greenland

Ones and Tooze ·

2025/01/17

The wildfires in Los Angeles this month have already caused some $275 billion in damage—an unprecedented catastrophe by any measure. Adam and Cameron discuss the economic implications and the impact of climate change not just there but elsewhere.Also on the show: The economics of Greenland. Learn more about your ad choices. Visit megaphone.fm/adchoices

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32:55

The Economic Legacy of Jimmy Carter

Ones and Tooze ·

2025/01/15

In this bonus episode, Adam and Cameron discuss the economic legacy of former U.S. President Jimmy Carter, including his approach to inflation, deregulation, and fiscal issues.Learn more about your ad choices. Visit megaphone.fm/adchoices

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39:32

The Planetary

Ones and Tooze ·

2025/01/10

In this first episode of 2025—and the first one recorded since Adam's heart surgery—Cameron and Adam discuss a conceptual ecological framework called The Planetary.Learn more about your ad choices. Visit megaphone.fm/adchoices

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35:03

Heterodox Economists, Part 3: Hyman Minsky

Ones and Tooze ·

2025/01/03

This is the third and final episode in a miniseries on heterodox economists—people who embrace completely different approaches to economics than those of the standard thinkers.Adam and Cameron discuss Hyman Minsky, an American economist who wrote widely on financial crises but whose work received broad attention only around the collapse of 2008—more than a decade after his death. Learn more about your ad choices. Visit megaphone.fm/adchoices

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55:28

Introducing: Season 7 of The Hidden Economics of...

Ones and Tooze ·

2024/12/29

Cameron and Adam are taking time off for the holiday. But don't despair! Instead of Ones and Tooze, you can listen to a recent episode of another Foreign Policy podcast: The Hidden Economics of Remarkable Women (HERO). The show examines economic challenges facing women around the world but especially in developing countries of Africa. Ones and Tooze will be back next week. Learn more about your ad choices. Visit megaphone.fm/adchoices

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38:06

Heterodox Economists, Part 2: Joan Robinson

Ones and Tooze ·

2024/12/20

This is the second episode in a miniseries on heterodox economists—people who embrace completely different approaches to economics than the standard thinkers. Adam and Cameron describe the life and work of Joan Robinson, who worked with John Maynard Keynes on his hugely influential macroeconomics book The General Theory of Employment, Interest, and Money—but came to regard Keynesianism as a failed revolution.Learn more about your ad choices. Visit megaphone.fm/adchoices

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38:21

Heterodox Economists, Part 1: Michal Kalecki

Ones and Tooze ·

2024/12/13

This is the first episode in a miniseries on heterodox economists—people who embrace completely different approaches to economics than the standard thinkers. Adam and Cameron begin with Michal Kalecki, a Polish economist born in the late 19th century who believed that capitalism was not the solution to the human condition but the problem itself.Listen until the end to hear Adam’s message from the ICU after his open-heart surgery. Learn more about your ad choices. Visit megaphone.fm/adchoices

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42:24

Adam’s Upcoming Heart Surgery

Ones and Tooze ·

2024/12/06

Adam has an aneurysm on his ascending aorta that requires major surgery. He and Cameron discuss the mechanics of the surgery itself and the economics of the U.S. health care system.Learn more about your ad choices. Visit megaphone.fm/adchoices

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29:01

The Thanksgiving Episode

Ones and Tooze ·

2024/11/27

Why turkeys are actually cheaper around Thanksgiving? And what is the origin of Black Friday? In this holiday episode, Adam and Cameron talk turkey about the origins of Thanksgiving, how it's celebrated today, and the things they've been most thankful for in this past year.Learn more about your ad choices. Visit megaphone.fm/adchoices

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47:03

Germany's Political Collapse

Ones and Tooze ·

2024/11/22

With the collapse of the ruling coalition in Germany, hosts Cameron Abadi and Adam Tooze take a deep dive into the future of the country from both a political and economic perspective.The two delve into what doomed the government of current chancellor Olaf Scholz and what lies ahead for likely future chancellor Friedrich Merz. Merz is the head of the main opposition party in parliament, the center-right Christian Democrats. Learn more about your ad choices. Visit megaphone.fm/adchoices

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43:26

Why Are Poor Americans Voting for the Party of the Rich?

Ones and Tooze ·

2024/11/15

One of the most surprising data points to emerge from the U.S. election last week was a significant swing toward Donald Trump among the poorest of U.S. voters—those who earn less than $50,000 a year.The shift seems to be part of a broader political trend, and it raises a question about class and politics in the United States: Why are poor people supporting a candidate whose policies have generally benefited the rich? Adam and Cameron dig in. Learn more about your ad choices. Visit

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