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Adam Tooze Podcasts

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25 of The Best Podcast Episodes for Adam Tooze. A collection of podcasts episodes with or about Adam Tooze, often where they are interviewed.

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25 of The Best Podcast Episodes for Adam Tooze. A collection of podcasts episodes with or about Adam Tooze, often where they are interviewed.

Updated daily with the latest episodes

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Adam Tooze on the geopolitics of the pandemic

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This week, Kaiser and Jeremy chat with Adam Tooze, professor of history at Columbia University and author of Crashed: How a Decade of Financial Crises Changed the World, about the impact of the COVID-19 crisis on the U.S. and China, and how it has affected their position in the emerging geopolitical contest.

6:45: American power and political authority

14:01: China’s power during the pandemic

20:27: Trump’s deliberate strategy of “stress testing” 

33:24: The Trump administration’s full-court press against the CCP

Recommendations:

Jeremy: Wu Fei’s Music Daily: an email newsletter with an original piece of music every day of the week by a composer and guzheng virtuoso. (Disclosure: She is his wife.) 

Adam: The Feast of the Goat: A Novel, written by Mario Vargas Llosa and translated by Edith Grossman.

Kaiser: The Hunt for Vulcan: ...And How Albert Einstein Destroyed a Planet, Discovered Relativity, and Deciphered the Universe, by Thomas Levenson.

This podcast was edited and produced by Kaiser Kuo and Jason MacRonald.

Aug 06 2020 · 1hr 2mins
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Adam Tooze on Dollar Dominance, the Eurozone, and the Future of Global Finance

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Adam Tooze is a professor of history at Columbia University, and is the author of many books, including his popular account of the 2007-2009 crisis, titled Crashed: How a Decade of Financial Crisis Changed the World. Adam joins David on Macro Musings to discuss the COVID-19 crisis, the Eurozone, and the future of central banking. Specifically, Adam and David break down recent events and risks in the global financial system, the future of the dollar as reserve currency, and the implications of the recent German-Franco debt deal for the Eurozone.

Transcript for the episode can be found here: https://www.mercatus.org/bridge/tags/macro-musings

Adam’s Twitter: @adam_tooze

Adam’s Columbia profile: https://history.columbia.edu/faculty/adam-tooze/

Adam’s website: https://adamtooze.com/

Related Links:

*How Coronavirus Almost Brought Down the Global Financial System* by Adam Tooze

https://www.theguardian.com/business/2020/apr/14/how-coronavirus-almost-brought-down-the-global-financial-system)

*The Death of the Central Bank Myth* by Adam Tooze

https://foreignpolicy.com/2020/05/13/european-central-bank-myth-monetary-policy-german-court-ruling/

*Still the World's Safe Haven?* by Darrell Duffie

https://www.brookings.edu/wp-content/uploads/2020/05/WP62_Duffie_updated.pdf

*Exchange Arrangements Entering the 21st Century: Which Anchor Will Hold?* by Ethan Ilzetzki, Carmen M. Reinhart, Kenneth S. Rogoff

https://www.nber.org/papers/w23134

David’s blog: macromarketmusings.blogspot.com David’s Twitter: @DavidBeckworth

Jun 01 2020 · 1hr

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Germany’s Constitutional Court Ruling & the Myth of Central Bank Independence | Adam Tooze

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In Episode 138 of Hidden Forces, Demetri Kofinas speaks with Adam Tooze, professor of history and Director of the European Institute at Columbia University about the German Constitutional Court’s recent ruling. In its decision, the German Court finds that the European Central Bank’s 2015 bond-buying program would be illegal under German law unless the ECB can prove the purchases are justified. The ruling threatens to undermine the very credibility of Central Bank independence, which has always been predicated on a political consensus about what the proper role of monetary policy is, how it should operate, and what its objectives should be. 

This consensus no longer holds, not only in Europe but across much of the developed world. Left unresolved, the contradictions between the mandates of central banks and their policy actions will only worsen the type of political dysfunction that threatens the very independence that they seek to protect. 

For Hidden Forces premium subscribers, this week’s hour-long episode overtime looks at how our collective response to the COVID-19 pandemic may say more about our own fear of death and disease than about the actual dangers posed by the virus. By calling into question our mastery over life and death the disease shakes the psychological basis of our social and economic order. It poses fundamental questions about priorities; it upends the terms of debate. It’s a conversation about history, philosophy, and the benefits and consequences of human progress.

You can access the episode overtime, as well as the transcript and rundown to this week’s episode through the Hidden Forces Patreon Page. All subscribers gain access to our overtime feed, which can be easily added to your favorite podcast application.

Producer & Host: Demetri Kofinas

Editor & Engineer: Stylianos Nicolaou

Subscribe & Support the Podcast at http://patreon.com/hiddenforces

Join the conversation on Facebook, Instagram, and Twitter at @hiddenforcespod

May 25 2020 · 53mins
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Adam Tooze on our Financial Past and Future

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Adam Tooze is best known for his highly-regarded books on the economic history of Nazi Germany, the remaking of the global economic and political order starting in World War I, and his account of how the economic effects of the 2008 financial crisis rippled across the globe for a decade to follow. Recently, he’s become an influential voice on Twitter documenting the pandemic-induced strain on the world’s financial systems.

Adam joined Tyler to discuss the historically unusual decision to have a high-cost lockdown during a pandemic, why he believes in a swoosh-shaped recovery, portents of financial crises in China and the West, which emerging economies are currently most at risk, what Keynes got wrong about the Treaty of Versailles, why the Weimar Republic failed, whether Hitler was a Keynesian, the political and economic prospects of various EU members, his trick to writing a lot, how Twitter encourages him to read more, what he taught executives at BP, his advice for visiting Germany, and more.

Follow us on Twitter and IG: @cowenconvos

Email: cowenconvos@mercatus.gmu.edu

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May 06 2020 · 1hr 5mins

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Adam Tooze/Shockwave

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David and Helen talk to Adam Tooze about what we know about the crisis that we didn't know a month ago, and what we still don't have much of a clue about. From fights inside the French government to the fate of the planet, from shale gas to corona bonds, we try to join up the dots. Plus a small update recorded after news of the oil price-drop. Read 'Shockwave' by Adam Tooze in the LRB https://www.lrb.co.uk/the-paper/v42/n08/adam-tooze/shockwave.


Talking Points:


The dominant reality is the scale of the unemployment rate, especially in the U.S.

  • Michigan’s unemployment rate soared to 25% in a single month.
  • We have often seen an extraordinary policy response. 


The Fed’s initial policy response was a failure: they didn’t stabilize share and bond markets. But it has now, at least in part, succeeded.

  • It also seems to have stabilized dollar funding markets.
  • The Fed did in about 3 days what took roughly a year in ‘07/’08.
  • Will these actions make democratic politics more difficult in the medium term?


The Fed’s ability to act in certain ways has depended on congressional cooperation. 

  • This could change if Biden were elected. Trump’s presidency enables the GOP to behave more pragmatically.
  • The shale industry is being bailed out—this is a tricky issue for the Democratic party.


Is data the new oil?

  • The tensions between Russia and Saudi crashed into the virus. 
  • It’s hard to see how oil prices will recover any time soon.
  • Are we entering the oil endgame? If so, seizing market share immediately is much more important.  
  • The oil and the financial elements of this crisis are closely connected.


Has anyone moved the dial on corona bonds?

  • The Germans didn’t want the question to be put, but the French went ahead and did it.
  • But Macron’s recent interview with the Financial Times was vague. How serious are they?
  • How does the Eurozone engage in common borrowing without engaging in common taxation?


Mentioned in this Episode:


Further Learning: 


And as ever, recommended reading curated by our friends at the LRB can be found here: lrb.co.uk/talking

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Apr 20 2020 · 52mins
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TyskySour: The Coronavirus Crash (w/ Adam Tooze)

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As economies around the world go into deep freeze, Aaron Bastani is joined by economic historian Adam Tooze to discuss the scale of the downturn and what it means for modern capitalism.

Apr 14 2020 · 1hr
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#83 A crisis like no other w/ Adam Tooze

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Adam Tooze joins me to discuss what covid-19 means for the world economy, how the Trump administration has missed the boat on containing mass contagion in the United States, and why the row in the Eurozone over so-called coronabonds reveals an existential threat to the survival of the European Union.
Apr 02 2020 · 33mins
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Adam Tooze Part 2

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We catch up with Adam on the latest twists in the crisis: from the ECB's change of heart to new threats in emerging markets. What is happening in Germany? How vulnerable is the UK? Can anything shake the hold of the almighty dollar? Much more in the weeks to come.

See acast.com/privacy for privacy and opt-out information.

Mar 19 2020 · 28mins
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Adam Tooze on the Crisis

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We talk to Adam Tooze in New York about the possible impact of coronavirus on the global financial and political system. How does this crisis compare to the financial crisis of 2008? What are the implications for the future of the Eurozone? And what have we learned already about the shift in power from the US to China? Plus we talk to Helen Thompson in London about how it intersects with the oil price war between Saudi Arabia and Russia. The first of a series of conversations about the biggest event of our times. **Updated overnight**


Talking Points: 


This crisis has revealed the fundamental weakness in the Eurozone. Lagarde’s initial comments re-exposed this fundamental faultline. 

  • The central question facing the ECB is ‘what is its role with regard to spreads?’ 
  • But over the course of the day, the panic in the markets seems to have led Frankfurt to reevaluate: they’ve come forward with a remarkable bond buying program steered towards buying both sovereign bonds and corporate debt.
  • The ECB is now saying that it will lift caps if necessary. This is an effort to take the sovereign risk for the Italians out of the equation and also relieve pressure on the French and the Spanish. 


The fundamental weakness in the Eurozone is one of the continuities, but no one really expected it to be exposed.

  • Italy wasn’t a causal driver of the crisis of 07/08, but it became collateral damage. It has not recovered. That failure is being exposed.
  • There are also novel elements, for example, the explosion of corporate debt since 2008. 
  • The Eurozone banks aren’t in great shape, but it’s better than ‘07/’08. The question is whether the Eurozone has the stomach for another round of collective efforts.


The inequities in the US health system are severe and will be exposed in this crisis.

  • The current crisis is happening on a much shorter timescale than ‘07/’08.
  • The impact on working life has been even more rapid.


The spread of this disease from China is not unusual but the ability of the Chinese government to bend this curve so quickly signals the power of state capacity.

  • Beijing’s fiscal and monetary stimulus in ‘08/09 should have been a wake up call. This was a key turning point.


What happened to oil prices? 

  • OPEC Plus broke down, in particular, the relationship between Russia and Saudi Arabia. 
  • The big question is the politics: the US shale industry can’t cope with prices this low. 
  • A lot of things that have been destabilizing over the last decade are crashing into each other right now.


Mentioned in this Episode: 


Further Learning: 

Mar 19 2020 · 43mins
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Podcast Episode 1: Adam Tooze

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In this Global Thought Podcast episode, Adam Tooze, Committee on Global Thought (CGT) Member and Professor of History at Columbia University, discusses his most recent book: 'Crashed: How a Decade of Financial Crises Changed the World' with host, CGT Chair Carol Gluck.

Tooze gives a bit of context into this prize-winning book as one of Foreign Policy’s Top 100 Global Thinkers for 2019. A key theme he discusses is the 2008 financial, global crisis and the ways that it was different than what the world anticipated. This glimpse into the inner sanctum of the global economy in a moment of high crisis, as Tooze explains, has interesting implications on the way that we think of and prepare for the future.
Oct 27 2019 · 31mins
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