The David McWilliams Podcast
David McWilliams & John Davis
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.If you would like to support the show, please consider becoming a patron at www.patreon.com/DavidMcWilliams. Hosted on Acast. See acast.com/privacy for more information.
Episodes
Mentioned books
Aug 28, 2025 • 37min
Germany, 10 Years After “Wir Schaffen Das”, What Really Happened? with Katja Hoyer
In this lively discussion, historian Katja Hoyer dives into the impact of Angela Merkel's 2015 refugee policy, which welcomed over a million asylum seekers. She examines the cultural clashes and economic shifts that have reshaped German society, including schools with high migrant populations and the rise of the AfD party. Hoyer also discusses the challenges of integration and the ongoing political discourse surrounding immigration. With insights into both the hopes and backlash over the past decade, the conversation sheds light on Germany’s evolving identity.
32 snips
Aug 26, 2025 • 34min
The Nationalisation of the New Home Market
The government has quietly become the largest buyer of new homes, dominating the market and inflating prices. This has pushed first-time buyers out, creating a scenario where up to 85% of new builds are state-acquired, despite wages struggling to keep pace. The podcast uncovers the paradox of a housing crisis, driven by state intervention. It also questions how estate agents have lost their sway and why vital professionals are leaving Ireland despite a surge in government spending. The historical evolution and local ramifications add depth to this urgent discussion.
11 snips
Aug 21, 2025 • 41min
Ukraine at the Crossroads: From Donetsk to the Garrison State
The discussion centers on Ukraine’s potential evolution into a garrison state amid ongoing conflict with Russia. Historical parallels with militarized nations like Israel and Taiwan highlight the implications of such a transformation. The podcast explores European unity against Russian aggression and challenges in balancing military readiness with democratic ideals. Listeners will ponder whether this militarized path can secure peace or set the stage for further conflict, while also considering Ukraine’s future as a hub for immigration and investment.
37 snips
Aug 19, 2025 • 39min
Ireland is a Hostage to Fortune
Explore the intriguing effects of multinational corporations on Ireland's economy. The discussion delves into the concept of 'Dutch disease', depicting a landscape where local businesses struggle amid rising rents and public spending. Comparisons are drawn to the Premier League's dominance over Irish football and the unpredictable foreign policies of figures like Trump. The need for economic diversification and support for local startups emerges as crucial, while a unique musical interlude offers a heartfelt reflection on aging and health.
26 snips
Aug 14, 2025 • 40min
America’s Dutch Disease: How Debt Became the World’s Hottest Export
Brendan Greeley, a financial historian and Financial Times writer, dives into the intriguing concept of America’s 'Dutch Disease,' where debt becomes a valuable resource. He discusses how the world’s demand for U.S. Treasuries turns borrowing into a commodity, affecting everything from the dollar's strength to manufacturing and Wall Street dynamics. Greeley also reflects on historical lessons from other nations, the quality of spending versus quantity, and the sustainability of America’s unique economic approach amid evolving global challenges.
38 snips
Aug 12, 2025 • 27min
From The Godfather to the Blockchain: How Easy Money Seduced Wall Street (and the White House)
This discussion unearths the parallels between classic films and modern finance, especially the shift of major players towards easy money. It dives into the thrilling rise of cryptocurrency from rebellion to power player in Washington. Listeners explore why money should be viewed as a public good, the implications of stablecoins, and the risk of a weakened Federal Reserve. Amidst the cultural commentary, it reflects on the societal allure of easy money, revealing how human nature shapes our financial landscapes.
4 snips
Aug 7, 2025 • 41min
Japan: Lost in Translation Part Two
Russell Jones, an economist and author of 'A Modern Economic History of Japan', dives deep into Japan's economic saga, from its 40-year stagnation following the 1990s bubble burst to alarming population decline predictions. He explores the unique blend of festive cheer and economic despair during Christmas, critiques the slow response of financial institutions, and discusses the rise of right-wing populism amidst a complex geopolitical landscape. The conversation balances humor with insightful commentary, shedding light on Japan's cultural and economic complexities.
26 snips
Aug 5, 2025 • 43min
Japan: From Feudal Isolation to Economic Superpower
In this engaging discussion, economist Russell Jones, author of 'A Modern Economic History of Japan', shares insights on Japan's remarkable economic transformation. He delves into the Meiji Restoration and America's role in post-war recovery, spotlighting how Japan emerged as a manufacturing powerhouse. The conversation also touches on Trump’s manipulation of economic statistics, the 1980s property bubble, and Japan's adeptness in navigating oil shocks. Jones' analysis provides a rich context for understanding Japan's sustained resilience and its global economic impact.
8 snips
Jul 31, 2025 • 33min
Generation Rent: How Housing Costs Are Exporting Ireland's Future
Matthew Ruddy, a Dublin entrepreneur now residing in Brisbane, discusses the harsh realities faced by young Irish innovators amidst soaring housing costs. He reveals how high rents, averaging two grand a month, push educated risk-takers to emigrate. Matthew shares staggering statistics on declining home ownership among young adults and the consequent mental health crisis stemming from housing instability. The conversation highlights the brain drain from Ireland, as young talent is forced to abandon their entrepreneurial dreams, leaving the startup scene struggling for fresh ideas.
35 snips
Jul 29, 2025 • 33min
Did Europe Just Surrender to Trump?
The surprise trade deal between the EU and the US sparks debates about a possible sellout. Europe's strategic game plan reveals a $200 billion trade surplus with the US, raising questions about its motivations. Internal conflicts within Europe emerge, as nationalism clashes with the push for federalism, impacting industries from cars to pharmaceuticals. Trump's aggressive tactics challenge European diplomacy, but strangely, there may be silver linings for Irish investment amidst the chaos.
