
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/.
Latest episodes

33 snips
Jun 13, 2025 • 48min
The Economics of Mass Deportation
The podcast dives into the Trump administration's ambitious deportation goals, examining their economic ramifications. It highlights the struggles of undocumented workers in Los Angeles and the resulting societal tensions fueled by militarized law enforcement. Historical parallels to civil rights movements expose deeper issues at play while discussing the significance of military parades in shaping national identity. Additionally, the impact of divisive political rhetoric invites listeners to reflect on unity in a fractured landscape.

82 snips
Jun 6, 2025 • 55min
Trump's Policy Bill
The podcast dives into a major Republican policy bill projected to add $2.4 trillion to the national debt while extending tax cuts and slashing essential federal programs. It discusses the internal conflicts within the Republican Party regarding fiscal responsibility. Additionally, there's an intriguing segment on the economics of Pilates, tracing its historical roots and assessing its current market implications. Listeners will gain insight into the interplay between government policy and economic inequality.

59 snips
May 30, 2025 • 59min
Trump's Trade War with Europe
The discussion kicks off with the significant $236 billion trade deficit between the U.S. and the EU, examining the effects of proposed tariffs. As negotiations progress, the hosts dive into the complexities of international trade, particularly post-Brexit relations. Transitioning to the cultural realm, they celebrate the 60th anniversary of 'The Sound of Music,' exploring its historical context and economic impact on Salzburg, particularly how the film boosted tourism and local employment. A fascinating blend of politics, economics, and nostalgia!

50 snips
May 23, 2025 • 1h 9min
World War II Miniseries: Part 3
In this insightful discussion, the devastating economics of the Holocaust are examined, highlighting the tragic loss of six million lives and its ripple effects on Europe. The roots of Nazi anti-Semitism reveal how economic resentments evolved into a global conspiracy theory. The podcast also delves into the role of corporations like IG Farben in supporting the Nazi regime. Discussions on reparations illuminate the ongoing debates about compensation and justice, while the complexities of the Holocaust’s historical significance prompt reflections on its universal implications for humanity.

84 snips
May 16, 2025 • 1h 3min
World War II Miniseries: Part 2
The discussions dive into the economic fallout of World War II, showcasing the stark contrasts between devastated nations and America's resilience. They seriously critique the motivations behind the Marshall Plan and explore its role in European recovery. The podcast also touches on U.S.-Saudi relations, oil dynamics, and the complexities of foreign policy during the Trump era. Additionally, they highlight cultural tensions in the Gulf region and examine the emergence of the European welfare state amidst post-war transformations.

98 snips
May 9, 2025 • 52min
World War II Miniseries: Part 1
The podcast dives into the complex economics of World War II, highlighting its transformative effects beyond just military conflict. It discusses the staggering human cost, estimating millions of deaths, and contrasts military and civilian losses. The hosts also touch on contemporary politics, particularly examining the futuristic policies of the Trump administration. Furthermore, the discussion explores the interplay of political narratives and technology, along with the geopolitical implications of space technology, especially in developing nations.

31 snips
May 2, 2025 • 34min
Heterodox Economists: Joseph Schumpeter
Discover the allure of Joseph Schumpeter, the visionary economist behind 'creative destruction.' Dive into the rich contrasts in economic thought, where the roles of elite managers and dynamic entrepreneurs collide. Explore Schumpeter's complex relationship with democracy, questioning traditional ideals and the influence of class. Uncover his insights on monopolies and bureaucratic capitalism, alongside his critical view of elections as elite-selection tools. The discussion also touches on his intriguing foreign policy perspectives during tumultuous times.

39 snips
Apr 25, 2025 • 44min
Trump Looms Large in Canadian Election
In parliamentary elections next week, Canadians are expected to turn out in large numbers for the Liberal Party led by Mark Carney—in part as a reaction to U.S. President Donald Trump. The Liberals had been down in the polls for months, but Trump’s rhetoric and policy, including on tariffs, have prompted voters to turn away from the Conservatives and back Carney, who had a long career in central banking and global finance. On this episode, Adam and Cameron discuss the Canadian economy—the ninth largest in the world—and how Carney plans to deal with Trump.
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20 snips
Apr 23, 2025 • 25min
From the Archive: The Economic Thinking of Pope Francis
A deep dive into Pope Francis's economic views reveals his unique blend of social justice and environmental ethics. The discussion contrasts his radical stance on economic justice with traditional Catholic teachings, emphasizing the plight of the poor. Examining human dignity, it links ecological concerns to interpersonal relationships. His leadership reflects a theology focused on the marginalized, challenging both communism and libertarianism. Lastly, Pope Francis's collaborations with social scientists signal a significant shift in Church engagement with socio-economic issues.

168 snips
Apr 18, 2025 • 1h 5min
Why an Unstable Bond Market Is a Big Deal
As tariff concerns rippled through financial markets around the world this month, the 10-year yield on U.S. Treasury bonds advanced 50 basis points. That is the most in more than two decades. Adam and Cameron talk about what fluctuations in the bond market mean and why it has put a scare in investors.Plus, in the second half of the show, the costs and benefits of nuclear proliferation from the perspective of defense budgets, nuclear waste, and international security. Learn more about your ad choices. Visit megaphone.fm/adchoices