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The David McWilliams Podcast

The David McWilliams Podcast

Di: David McWilliams & John Davis
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A proposito di questo titolo

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.

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David McWilliams
Politica e governo
  • The old order is not coming back. We should not mourn it. Nostalgia is not a strategy!
    Jan 22 2026
    This episode is a deep dive into a simple claim: This is the year the mask slipped. The United States has decided that the grand bargain it presided over since 1945 is finished, and the consequences are immediate for markets, alliances, and Europe’s security. We begin in Japan, where a sharp move in long-term government bond yields is forcing a rethink of the global carry trade, and shaking risk assets worldwide. Then we go to Davos, where Mark Carney frames the moment as a “rupture, not a transition,” arguing that integration has become a weapon: tariffs as leverage, financial infrastructure as coercion, supply chains as vulnerabilities. We unpack the post-war deal: America as global policeman, underwriting security in Europe and East Asia, and what America got in return. Then we examine the new reality: tariffs on allies, closeness to rivals, and a Europe that may no longer accept subordination, with Greenland/“the Battle of Nuuk” emerging as the flashpoint that could make the break irreversible. Part one ends with the biggest question of all: if the unipolar world is over, what replaces it? Part two next week looks at Ireland, a country with a profound vested interest in the status quo, now facing its end.

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    49 min
  • Trump vs. The Fed: Sabotage, Showdown, or Economic Revolution?
    Jan 20 2026

    Donald Trump is taking aim at the most powerful, and most opaque, institution in the global economy: the Federal Reserve. By moving to oust Jay Powell through a criminal investigation, Trump has triggered a battle that cuts to the heart of who really controls money in America, and by extension, the world. Is this an unprecedented act of economic sabotage? A dangerous authoritarian power grab? Or is Trump simply calling the bluff of a self-regarding central banking elite who’ve been pulling the levers of the economy from their marble citadels for 40 years? In this episode, we go deep on interest rates, the dollar, and the political economy of money, from Nero and Henry VIII to Lenin and Hitler, to explain why powerful leaders have always wanted to control the currency. We explore what “financial repression” really means, why Trump wants rates at 1%, and who wins (and loses) when money is made cheap. What if the central bankers aren’t the neutral technocrats they claim to be? What if independence has been more myth than reality, and quantitative easing has already blurred the lines between the Fed and the government?



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    40 min
  • The Great Uncoupling & Fiscal Crisis: America, Europe & the Bond Market Reckoning
    Jan 15 2026

    America and Europe are drifting apart, not just politically, but philosophically. In this episode, we dig into the consequences of that split, comparing today’s transatlantic rupture to one of the most overlooked geopolitical divorces of the 20th century: China’s break from the Soviet Union in the 1960s. We explore how competing worldviews, liberal restraint versus autocratic power are reshaping global alliances, leaving Europe disoriented and exposed. Drawing on history, geopolitics and economics, we ask whether this moment marks the true end of Pax Americana, and whether it’s permanent. Then we turn to the other pressure building quietly beneath the surface: debt. With sluggish growth, soaring deficits and rising bond yields, are the bond vigilantes about to make a comeback? From France to the US, we unpack why fiscal stress, not inflation, may be the real economic story of the next two years.

    Bonus segment: In partnership with IBEC, we look ahead to Ireland’s EU presidency and ask how Irish business can position itself in a world defined by geopolitical fracture, fiscal strain and intensifying competition, from AI and infrastructure to talent, trade and resilience.

    History, power, money, and the fault lines that matter next.

    Hosted on Acast. See acast.com/privacy for more information.

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    54 min
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