U.S. President Donald Trump’s second time period has created a dilemma for a lot of U.S. media shops. He looms so massive in each day life—along with his frequent coverage pronouncements, attention-grabbing press conferences, and fixed missives on social media—that it’s onerous to concentrate on anything. Even at Overseas Coverage, which covers the complete world, Trump is the elephant within the newsroom.
Ones and Tooze, FP’s economics podcast, confronted that very same dilemma this yr. For the primary third of 2025, most of our episodes targeted on the Trump administration. All year long, co-hosts Cameron Abadi and Adam Tooze coated the core problems with the day with rigor—together with, sure, Trump’s insurance policies, but additionally China’s rising energy and the altering panorama of synthetic intelligence.
U.S. President Donald Trump’s second time period has created a dilemma for a lot of U.S. media shops. He looms so massive in each day life—along with his frequent coverage pronouncements, attention-grabbing press conferences, and fixed missives on social media—that it’s onerous to concentrate on anything. Even at Overseas Coverage, which covers the complete world, Trump is the elephant within the newsroom.
Ones and Tooze, FP’s economics podcast, confronted that very same dilemma this yr. For the primary third of 2025, most of our episodes targeted on the Trump administration. All year long, co-hosts Cameron Abadi and Adam Tooze coated the core problems with the day with rigor—together with, sure, Trump’s insurance policies, but additionally China’s rising energy and the altering panorama of synthetic intelligence.
And nonetheless, with their attribute curiosity, Adam and Cameron additionally explored a variety of different subjects. This yr, episodes have examined the economics of the worldwide artwork market, the heterodox concepts of Soviet chief Vladimir Lenin, the collapse of Venezuela’s oil business, the battle in Gaza, and the election of New York Metropolis Mayor-elect Zohran Mamdani, amongst many different subjects. Now you can watch the podcast on Youtube.
Listed below are 5 noteworthy episodes from 2025.
1. A Dialog About Abundance
Ones and Tooze, Episode 183
Adam and Cameron take a important have a look at Abundance, the brand new guide by Ezra Klein and Derek Thompson that outlines a imaginative and prescient of “supply-side liberalism” for Democrats. Abundance requires rising the manufacturing of housing and vitality infrastructure in addition to bettering broader circumstances for innovation—however with Trump dismantling key elements of the federal authorities, is their blueprint nonetheless related? Learn the transcript
2. World Conflict II Miniseries: Half 1
Ones and Tooze, Episode 190
The Nazi economic system is one in every of Adam’s areas of experience—and the subject of his 2007 guide The Wages of Destruction. To mark the eightieth anniversary of the tip of World Conflict II in Europe earlier this yr, he and Cameron focus on how Adolf Hitler managed to finance his navy campaigns on the continent. The episode is the primary in a three-part miniseries. Learn the transcript
3. New York and NATO
Ones and Tooze, Episode 197
Zohran Mamdani, the 34-year-old state assemblyman elected mayor of New York Metropolis this yr, has managed to make the phrase “socialism” a bit extra palatable in U.S. politics by linking it to concern of affordability. Adam and Cameron speak about what precisely makes Mamdani a democratic socialist and the way he gained the assist of the town’s center class. Learn the transcript
4. The Scale of China
Ones and Tooze, Episode 205
A lady beneath the Chinese language flag at Ordos airport on August 14, 2025.Pedro Pardo / AFP by way of Getty Pictures
Adam spent a month this yr touring round China. On this episode, he and Cameron discover how the nation’s huge dimension bears on its financial, political, and historic position on this planet.
5. The Economics of Podcasts
Ones and Tooze, Episode 217
Sure, it’s a bit self-referential for a pair of podcasters to speak concerning the economics of podcasting, however the comparatively younger business is each thriving in some respects and in hassle writ massive—making it conversation-worthy for Adam and Cameron. They break down why some reveals grow to be blockbusters whereas most show to be unsustainable.
