Ones and Tooze

Who is Kevin Warsh

01 May 2026

Contributed by Lukas

The U.S. Federal Reserve will get a new chairman this month and it's likely to be Kevin Warsh, a financier and former Fed governor. Adam and Cameron d...

The War in Sudan

24 Apr 2026

Contributed by Lukas

The war in Sudan is entering its fourth year, with tens of thousands killed and millions displaced. And yet the conflict receives limited media attent...

Ones and Tooze Live in Washington, DC

17 Apr 2026

Contributed by Lukas

Adam and Cameron taped this show in front of a live audience in Washington, DC, at an event of the Institute of International Finance. Learn more a...

The Energy Crisis

10 Apr 2026

Contributed by Lukas

The energy crisis generated by the war in Iran has some historical parallels, including the Suez crisis of 1956 and the Middle East war in 1973. Adam ...

Interview with Iran Expert Ali Vaez

06 Apr 2026

Contributed by Lukas

Hello Ones and Tooze Listeners. Our sister show, Foreign Policy Live, aired an interview recently with Ali Vaez, one of the most interesting Iran anal...

The Economics That Drove the Tiananmen Square Protests

03 Apr 2026

Contributed by Lukas

Adam and Cameron look back at the 1989 Tiananmen Square protests in China and discuss what economic factors drove them. This is the first episode...

The Enduring Impact of the War in Iran

27 Mar 2026

Contributed by Lukas

With the Iran war now entering its second month, Adam and Cameron consider what the longterm implications might be and which countries will be hit har...

Iran and Habermas

20 Mar 2026

Contributed by Lukas

The price of oil keeps rising as the U.S.-Israel war in Iran enters its fourth week, threatening economic turmoil around the world. Also on the show...

China's Five-Year Plan

13 Mar 2026

Contributed by Lukas

China has released a new five-year economic plan that projects GDP growth of around 4.5 percent in the coming year. That would be the slowest rate of...

The War on Iran

06 Mar 2026

Contributed by Lukas

The war on Iran launched a week ago by Israel and the United States is spiraling into a regional conflict with implication for the global economy. Ad...

What a War With Iran Might Look Like

27 Feb 2026

Contributed by Lukas

With Adam and Cameron off this week, we bring you an episode of Foreign Policy Live—FP's flagship podcast, hosted by the magazine's editor in chief,...

Trump's Economy, One Year On

20 Feb 2026

Contributed by Lukas

In the first year of President Donald Trump's second term, he has made some dramatic economic changes—relating to tariffs, immigration, and the size...

The AI Economy

13 Feb 2026

Contributed by Lukas

Big tech companies are directing a huge portion of their capital expenditures to artificial intelligence—at least $650 billion in the coming year. T...

The Super Bowl and Jeffrey Epstein

06 Feb 2026

Contributed by Lukas

The Super Bowl is the most watched event on American television—and a microcosm of American culture. In the first segment of the show, Adam and Came...

Trouble in the Chinese Military

30 Jan 2026

Contributed by Lukas

Chinese leader Xi Jinping has fired two top generals for alleged corruption, in a dramatic purge of the armed forces. With the move, Xi appears to ha...

Seventy Minutes at Davos

23 Jan 2026

Contributed by Lukas

President Donald Trump delivered a meandering address at the World Economic Forum in Davos, Switzerland this week, demanding that Greenland be handed ...

Protests in Iran

16 Jan 2026

Contributed by Lukas

Adam and Cameron discuss the huge protests across Iran—what is driving them and what they mean for the country's future. Also on the show: The inve...

The Venezuela Conundrum

09 Jan 2026

Contributed by Lukas

Why is the United States inserting itself so aggressively with Venezuela's affairs? Trump says its about oil but that doesn't quite add up, according ...

Heterodox Economists: Joseph Stalin

02 Jan 2026

Contributed by Lukas

In this final installment of our miniseries on Soviet economists and thinkers, Adam and Cameron discuss the ideas of Joseph Stalin. Learn more about y...

Heterodox Economists: Leon Trotsky

26 Dec 2025

Contributed by Lukas

December marks both the birth and the collapse of the Soviet Union. Adam and Cameron are spending the month focusing on Soviet economists and thinkers...

Funding the War in Ukraine

19 Dec 2025

Contributed by Lukas

Europe has decided to loan Ukraine more than $100 billion to help fund its war with Russia instead of tapping frozen Russian assets. Adam and Cameron ...

Heterodox Economists: Rosa Luxemburg

18 Dec 2025

Contributed by Lukas

Adam and Cameron continue their December series on founding Soviet thinkers. This week, they discuss the life and work of Polish German revolutionary ...

Heterodox Economists: Rosa Luxemburg

12 Dec 2025

Contributed by Lukas

Adam and Cameron continue their December series on founding Soviet thinkers. This week, they discuss the life and work of Polish-German revolutionary ...

Heterodox Economists: Vladimir Lenin

05 Dec 2025

Contributed by Lukas

December marks both the birth and the collapse of the Soviet Union. Adam and Cameron are spending the month focusing on Soviet economists and thinkers...

Russia and Ukraine

21 Nov 2025

Contributed by Lukas

The economies of Russia and Ukraine are experiencing particular turbulence as the war between the two countries creeps toward its fourth year. Adam an...

The Economics of Podcasts

14 Nov 2025

Contributed by Lukas

Adam and Cameron discuss the economics of podcasts, a multibillion-dollar industry. And on that topic—twice a year, Ones and Tooze conducts a liste...

Venezuela

07 Nov 2025

Contributed by Lukas

U.S. President Donald Trump is contemplating military action against Venezuela. Adam and Cameron discuss. Also on the show: New York City elects a de...

China Trade and the Louvre Heist

31 Oct 2025

Contributed by Lukas

Adam and Cameron discuss U.S. President Donald Trump’s recent visit with Chinese President Xi Jinping and how it could affect the ongoing trade war ...

Nobel Prize for Economics

24 Oct 2025

Contributed by Lukas

Three people shared the Nobel Prize for economics this year—Joel Mokyr, Philippe Aghion, and Peter Howitt—for their work on how innovation and cre...

The Frankfurt Book Fair

17 Oct 2025

Contributed by Lukas

Adam is attending the Frankfurt Book Fair this week. He and Cameron discuss the history of the fair and the broader economics of the publishing indust...

A Conversation with Michael Sandel

14 Oct 2025

Contributed by Lukas

On a special bonus episode, Cameron sits down with American political philosopher Michael Sandel, the recipient of the 2025 Berggruen Prize for Philos...

The U.S. Government Shutdown

10 Oct 2025

Contributed by Lukas

Government shutdowns are one of the peculiarities of the U.S. budgetary system. Once again, the two parties have failed to agree on the government’s...

Introducing The Catch

07 Oct 2025

Contributed by Lukas

We're jumping in the feed midweek to share a new season of FP's global fisheries podcast, The Catch. This season is all about tuna. Climate change i...

The Trump Plan for Gaza

03 Oct 2025

Contributed by Lukas

U.S. President Donald Trump’s Mideast peace plan includes steps for rebuilding Gaza. What would it take to unwind the devastation, and what would th...

Trump and Latin America

26 Sep 2025

Contributed by Lukas

President Donald Trump is reshaping U.S. policy toward Latin America. Adam and Cameron discuss the economic impact on Argentina, Venezuela, and Mexico...

Bonus: Adam Tooze on Foreign Policy Live

24 Sep 2025

Contributed by Lukas

Adam joined FP's other weekly podcast Foreign Policy Live to discuss his piece “The End of Development” in FP’s latest print issue. Learn more a...

What AI Means for the Economy and for Politics

19 Sep 2025

Contributed by Lukas

Adam and Cameron discuss the broad implications of artificial intelligence on the economy and on politics, in the first installment of an occasional s...

The State of Europe

12 Sep 2025

Contributed by Lukas

Adam and Cameron discuss Europe's domestic politics, including the collapse of the French government, German Chancellor Friedrich Merz's "autumn of re...

India and Tennis

05 Sep 2025

Contributed by Lukas

The Trump administration’s 50 percent tariffs on India took effect last week. Adam and Cameron dive in. Also on the episode: the economics of tenni...

The Future of the Federal Reserve

29 Aug 2025

Contributed by Lukas

U.S. President Donald Trump’s effort to oust a member of the Federal Reserve board raises broader questions about the agency’s future as an indepe...

The Scale of China

22 Aug 2025

Contributed by Lukas

Adam recently spent a month traveling around China. He and Cameron discuss the vast scale of the country and how its size bears on China’s economic,...

Introducing Radio Davos

19 Aug 2025

Contributed by Lukas

We're jumping into your feed midweek to share an interview with Adam from this past June by our friends at the Radio Davos podcast. We'll be back with...

The Doomsday Seed Vault

15 Aug 2025

Contributed by Lukas

For years now, the Norwegian government has partnered with conservation groups to store seeds from around the world on an archipelago not far from the...

Tariffs and Gaza

08 Aug 2025

Contributed by Lukas

The U.S. economy is starting to feel the impact of President Donald Trump's tariffs—including the rise of inflation—but other consequences could t...

Whither Global Development?

04 Aug 2025

Contributed by Lukas

Some 10 years ago, the United Nations came up with its Sustainable Development Goals, a series of objectives for the world around alleviating poverty ...

Heterodox Economists: Karl Polanyi

25 Jul 2025

Contributed by Lukas

Adam and Cameron continue their occasional series on heterodox economists. This week, they discuss the life and work of Karl Polanyi, an Austro-Hungar...

Heterodox Economists: Thorstein Veblen

18 Jul 2025

Contributed by Lukas

Adam and Cameron continue their occasional series on heterodox economists. This week, they discuss the life and work of the American economist Thorste...

Heterodox Economists: John Kenneth Galbraith

11 Jul 2025

Contributed by Lukas

For the month of July, Adam and Cameron are continuing their occasional series on heterodox economists. This week, they discuss the life and work of t...

The Global Art Market

04 Jul 2025

Contributed by Lukas

The value of the global art market is roughly $57.5 billion—but it’s an opaque market and difficult to assess. Adam attended the international art...

New York and NATO

27 Jun 2025

Contributed by Lukas

In June, Zohran Mamdani, a 33-year-old democratic socialist, won the Democratic Party’s mayoral primary election in New York City, defeating a widel...

The Economics of the Israel-Iran War

20 Jun 2025

Contributed by Lukas

Adam and Cameron discuss the fighting between Israel and Iran, as well as its impact on oil markets, geopolitical alliances, and the ongoing conflict ...

The Economics of Mass Deportation

13 Jun 2025

Contributed by Lukas

The Trump administration is pushing immigration officials to deport at least 3,000 undocumented immigrants a day and up to a million this year. How wi...

Trump's Policy Bill

06 Jun 2025

Contributed by Lukas

The big Republican policy bill that extends tax cuts and reduces funding to some important federal programs will also do something else: In the coming...

Trump's Trade War with Europe

30 May 2025

Contributed by Lukas

The Trump administration has put its plans to impose a 50 percent tariff on all goods from Europe on hold for now. Adam and Cameron discuss the $236 b...

World War II Miniseries: Part 3

23 May 2025

Contributed by Lukas

To mark the 80th anniversary of the Nazi surrender, Adam and Cameron are doing a three-part series on World War II. In Part 3, they look at the econom...

World War II Miniseries: Part 2

16 May 2025

Contributed by Lukas

To mark the 80th anniversary of the Nazi surrender, Adam and Cameron are doing a three-part series on World War II. In Part 2, they look at the econom...

World War II Miniseries: Part 1

09 May 2025

Contributed by Lukas

To mark the 80th anniversary of the Nazi surrender, Adam and Cameron are doing a three-part series on World War II. In Part 1, they look at the econom...

Heterodox Economists: Joseph Schumpeter

02 May 2025

Contributed by Lukas

On this episode, we bring you the latest installment of Adam and Cameron’s occasional series on heterodox economists. Austrian Joseph Schumpeter pro...

Trump Looms Large in Canadian Election

25 Apr 2025

Contributed by Lukas

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 reac...

From the Archive: The Economic Thinking of Pope Francis

23 Apr 2025

Contributed by Lukas

Given the news of Pope Francis's death this past week, we're sharing a bonus episode from the archive. This originally aired in March 2024 and is titl...

Why an Unstable Bond Market Is a Big Deal

18 Apr 2025

Contributed by Lukas

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. T...

Trump’s Trade War with China

11 Apr 2025

Contributed by Lukas

U.S. President Donald Trump reversed course this week as he announced a three-month pause on “reciprocal tariffs” but increased tariffs on China t...

The U.S.-China Economic Relationship

04 Apr 2025

Contributed by Lukas

U.S. President Donald Trump’s latest tariffs have raised questions about whether this will be the moment that an all-out trade war breaks out with C...

The Business of Big Law in the United States

28 Mar 2025

Contributed by Lukas

The legal services industry in the United States is a $300 billion business—bigger than any in the world. In recent weeks, U.S. President Donald Tru...

A Conversation About Abundance

21 Mar 2025

Contributed by Lukas

Adam and Cameron discuss Abundance, the new book by Ezra Klein and Derek Thompson. Learn more about your ad choices. Visit megaphone.fm/adchoices

Trump's Economy

14 Mar 2025

Contributed by Lukas

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. ...

Will the United States Go Broke One Day?

07 Mar 2025

Contributed by Lukas

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 s...

Trump’s ‘Gold Card’ Path to Citizenship

28 Feb 2025

Contributed by Lukas

U.S. President Donald Trump has announced a new aspect of his administration’s immigration policy: a path to citizenship for “high-level” people...

Ukraine and Germany

21 Feb 2025

Contributed by Lukas

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 aggres...

How Scary Is DOGE?

14 Feb 2025

Contributed by Lukas

Billionaire Elon Musk and his DOGE team gained access to a sensitive Treasury Department payment system, setting off alarm bells in parts of the finan...

Introducing Counterpoint

13 Feb 2025

Contributed by Lukas

Every day, experts from around the globe present their arguments for solving the world’s biggest problems. And every day, these experts disagree in ...

Tariff Man 2.0

07 Feb 2025

Contributed by Lukas

The Trump administration has imposed a 10 percent tariff on all Chinese goods coming into the United States, prompting countermeasures by Beijing. Wha...

The Worldview of Elon Musk

31 Jan 2025

Contributed by Lukas

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?...

Trump's First Week

24 Jan 2025

Contributed by Lukas

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...

Los Angeles Wildfires and Trump’s Play for Greenland

17 Jan 2025

Contributed by Lukas

The wildfires in Los Angeles this month have already caused some $275 billion in damage—an unprecedented catastrophe by any measure. Adam and Camero...

The Economic Legacy of Jimmy Carter

15 Jan 2025

Contributed by Lukas

In this bonus episode, Adam and Cameron discuss the economic legacy of former U.S. President Jimmy Carter, including his approach to inflation, deregu...

The Planetary

10 Jan 2025

Contributed by Lukas

In this first episode of 2025—and the first one recorded since Adam’s heart surgery—Cameron and Adam discuss a conceptual ecological framework c...

Heterodox Economists, Part 3: Hyman Minsky

03 Jan 2025

Contributed by Lukas

This is the third and final episode in a miniseries on heterodox economists—people who embrace completely different approaches to economics than tho...

Introducing: Season 7 of The Hidden Economics of Remarkable Women

29 Dec 2024

Contributed by Lukas

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 Fore...

Heterodox Economists, Part 2: Joan Robinson

20 Dec 2024

Contributed by Lukas

This is the second episode in a miniseries on heterodox economists—people who embrace completely different approaches to economics than the standard...

Heterodox Economists, Part 1: Michal Kalecki

13 Dec 2024

Contributed by Lukas

This is the first episode in a miniseries on heterodox economists—people who embrace completely different approaches to economics than the standard ...

Adam’s Upcoming Heart Surgery

06 Dec 2024

Contributed by Lukas

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 ...

The Thanksgiving Episode

27 Nov 2024

Contributed by Lukas

Why are turkeys actually cheaper around Thanksgiving? And what is the origin of Black Friday? In this holiday rerun episode, Adam and Cameron talk tur...

Germany's Political Collapse

22 Nov 2024

Contributed by Lukas

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 p...

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

15 Nov 2024

Contributed by Lukas

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...

Election Episode 2024

06 Nov 2024

Contributed by Lukas

Adam and Cameron discuss how President-elect Donald Trump’s second term will affect U.S. policy around the world. In order to keep Ones and Tooze go...

How the U.S. Election Will Affect the Economy

01 Nov 2024

Contributed by Lukas

The economic platforms of Harris and Trump contrast sharply. But will this election change the country's economic trajectory? Adam and Cameron dig in....

The Economics of Asylum-Seekers

25 Oct 2024

Contributed by Lukas

More than a million people applied for asylum in Europe last year—helping to stoke an immigration backlash on the continent. Even some centrist gove...

Will China’s Stimulus Efforts Work?

18 Oct 2024

Contributed by Lukas

As China prepares a raft of stimulus measures to reboot the country’s domestic economy, Adam and Cameron discuss whether or not the measures will be...

The Economics of Donald Trump

11 Oct 2024

Contributed by Lukas

Weeks before the presidential election, Adam and Cameron discuss the state of Donald Trump’s financial empire. He got his start in the New York City...

A Year to the War in Gaza

04 Oct 2024

Contributed by Lukas

On Oct. 7, 3023, Hamas militants attacked southern Israel and killed some 1,200 people. Israel responded with an invasion of Gaza, killing more than 4...

Live From New York’s Caveat Theater

27 Sep 2024

Contributed by Lukas

Adam and Cameron taped this episode in front of a live audience at the Caveat Theater in New York City. They talk about the life and ideas of economis...

Live From D.C.’s Sixth and I

20 Sep 2024

Contributed by Lukas

Hosts Cameron Abadi and Adam Tooze take to the stage in front of a live audience at the Sixth and I Historic Synagogue in Washington, D.C., for a wide...

The Impact of Interest Rate Cuts

13 Sep 2024

Contributed by Lukas

With data showing a weakened labor market and a potential recession on the horizon in the United States, the Federal Reserve is expected to cut intere...

Climate Democracy and Climate Radicalism

06 Sep 2024

Contributed by Lukas

In today’s episode, hosts Adam Tooze and Cameron Abadi discuss climate policy and how it’s playing out on both sides of the Atlantic. In the first...

Hezbollah and the Lebanese Economy

30 Aug 2024

Contributed by Lukas

The Lebanese pound has lost 98 percent of its value since 2019—just one sign among many that the country’s economy is in free fall. Cameron and Ad...

Why Are Food Prices Surging?

23 Aug 2024

Contributed by Lukas

With a 20 percent hike in the cost of food, Democratic presidential candidate Kamala Harris is vowing to crack down on price-gouging. But is that what...

The Breakup of Google?

16 Aug 2024

Contributed by Lukas

After a U.S. district court determined that Google was violating antitrust laws with its Chrome browser, Justice Department officials are weighing whe...

The Stock Market Seesaw

09 Aug 2024

Contributed by Lukas

Did international markets overreact to the job data earlier in the week? Or is the United States entering a recession? Also: Adam and Cameron will be ...

The Olympics by Numbers

02 Aug 2024

Contributed by Lukas

As millions of people around the globe tune into the 2024 Paris Olympics, hosts Cameron Abadi and Adam Tooze peer into some of the economic questions ...