Share

cover art for 2024:32 Humanomics

The David McWilliams Podcast

2024:32 Humanomics

Season 2024, Ep. 32


The majority of my tribe, economists have been getting it wrong for decades, if you go back and look at economic research from the seventies, nobody is talking about coming inequality. Yet inequality afflicts the West, dominating politics. This week, in a not-so-groundbreaking revelation, Ben Bernanke's report on the Bank of England's failures shows us how out-of-touch economists really are. Economists need to get out more, mix a bit, walkabout more! A blind faith in mathematical precision has clouded our judgment. Humans are messy and economics is about humans, so let's be messy.


Pre-order Money:A Story of Humanity here: https://linktr.ee/moneydavidmcwilliams

More episodes

View all episodes

  • 79. Can Draghi's €800 Billion Plan Save Europe from Decline?

    33:17||Season 2024, Ep. 79
     In this episode, we continue our European mini-series, moving from Germany to the broader continental landscape. Europe faces mounting economic challenges as Mario Draghi, the former president of the European Central Bank and technocratic Italian prime minister, issues a bold €800 billion investment proposal aimed at closing the gap with the U.S. and China. Is Europe falling behind due to overregulation, fragmentation, and a lack of innovation? We discuss Draghi’s call for massive investment, the continent’s economic stagnation, and why the gap between Europe and America has widened over the past two decades. Is the European dream of a unified, prosperous continent slipping away, or can Draghi’s vision revive the old-world dynamism that once defined it?
  • 78. Germany on the Brink: Economic Fragility, Immigration Tensions, and the Rise of the Right

    40:26||Season 2024, Ep. 78
     In this episode, we take a hard look at Germany’s current crossroads, where economic fragility and political tensions collide. Once the bedrock of European stability, Germany now faces challenges like the rise of the far-right AFD party, factory closures at Volkswagen, and energy crises driven by its dependency on Russian fuel. We explore the deeper cultural and historical factors at play, diving into the uneasy relationship between East and West Germany, the legacy of Angela Merkel’s policies, and the country's strained stance on immigration. With the help of historian Katja Hoyer, we unpack why Germany’s once rock-solid economy and political center are starting to crack—and what that means for the future of Europe.
  • 77. The Vinyl Comeback: How Records Survived Streaming

    38:13||Season 2024, Ep. 77
    In this episode, we dive into the fascinating resurgence of vinyl and its surprising resilience amidst the digital age. We explore the economics of vinyl, the history of the music industry’s evolution, and how formats like CDs and streaming disrupted the landscape. Vinyl, once thought to be on the brink of extinction, has made an extraordinary comeback, and we're here to find out why. From independent record shops keeping the flame alive to the unique cultural experience vinyl provides, we look at how this format has redefined the music experience across generations. We speak with Graham Jones, author of The Vinyl Revival and the Shops That Made It Happen, to get his insight into the ongoing revival. Graham takes us through the vinyl resurgence, Record Store Day, and how independent record stores played a pivotal role in keeping vinyl alive. Buy the new book here: https://linktr.ee/moneydavidmcwilliams
  • 76. An Apple A Day Keeps The Taxman Away

    30:49||Season 2024, Ep. 76
    This podcast episode dives deep into the complexities of the Apple tax ruling and its broader implications for Ireland's economic model. We explore how Ireland's low corporate tax strategy, which began in the mid-20th century to attract foreign capital, evolved into a cornerstone of its economic growth. The discussion touches on Ireland's historical emigration issues, the soft power of the Irish diaspora, and the country's role as a bridge between American corporations and the European market. We also unpack how Apple’s tax dealings with Ireland resulted in a €13 billion windfall, the legal challenges involved, and the potential reputational risks for both Ireland and multinational companies. With a focus on Ireland’s current housing and infrastructure crises, the episode argues that now is the time for bold political decisions—especially how best to spend the Apple windfall to address urgent public needs. Get ready for a mix of economic history, policy analysis, and insights into what lies ahead for Ireland.Buy the new book here: https://linktr.ee/moneydavidmcwilliams
  • 75. Hitler’s Plan to Destroy Britain with Counterfeit Money – from Money: A Story of Humanity

    30:18||Season 2024, Ep. 75
    In this episode, we’re diving into one of the wildest stories in the book, involving none other than Adolf Hitler. Can you imagine money falling from the sky? That's what Hitler had planned—he wanted to defeat Britain by literally dropping millions of counterfeit pounds across the country. He believed that if he could flood the British economy with fake money, he could induce a Weimar-style hyperinflation and collapse the British war effort. It’s a story of forgeries, secret concentration camp operations, and a plot to cripple an entire nation with counterfeit cash.Want to know how this insane plan almost worked? Well, grab your copy of Money: A Story of Humanity, and find out. Trust us, it’s not just about Hitler, there’s so much more—stories of people, civilizations, and how money shaped the world we live in today.Buy the new book here: https://linktr.ee/moneydavidmcwilliams
  • 74. From Poetry to Punches: Ireland’s Journey from Michael D. to McGregor

    39:54||Season 2024, Ep. 74
    This week, we delve into a fascinating hypothetical for Ireland’s future: could Conor McGregor really be our next President in 2025? From the quaint leadership of Michael D. Higgins, to McGregor’s brash, larger-than-life personality, the shift would be nothing short of dramatic. But what does this say about modern Irish politics and the world we’re living in? As global politics continues to throw us curveballs, we’re not ruling anything out. Beyond the political theatre, we turn our focus to a more grounded topic—progress. Sean Keyes from Progress Ireland joins us to discuss how his think tank is dedicated to solving Ireland’s infrastructure challenges, tackling the country's underperformance despite its huge potential. How can Ireland overcome its stumbling blocks and unlock a future filled with opportunities? We look at the bigger picture of what it really means to move forward in an increasingly complex world. Tune in for a discussion that spans politics, progress, and everything in between.
  • 73. A Letter from America with Jim Chanos

    29:33||Season 2024, Ep. 73
    This week, we dive into the shifting tides of the U.S. economy and its global impact on smaller countries like Ireland, who are deeply tied to American trade and investment. With the Fed’s balancing act of boosting stock markets while trying to control inflation, are we heading into another bubble? As inequality deepens, we ask what the upcoming U.S. election could mean for the global economy. Legendary short-seller Jim Chanos joins us to discuss why he believes we’re living in a “Golden Age of Fraud” and how investors are ignoring red flags. Are we returning to a 1970s-style economic era, but with new players like China and the rise of social media-driven distrust? We explore it all in this week's episode.Pre-order the book or get podcast tickets here: https://linktr.ee/davidmcwilli
  • 72. What Taylor Swift & Oasis Tickets Tell Us About The Economy!

    34:56||Season 2024, Ep. 72
    This episode, we dive into the world of Taylor Swift to explore a Delicate issue—why Ireland’s housing market is stuck in a Blank Space. We’re taking a page from the Leaving Cert’s economics exam, using a question about Taylor’s ticket frenzy to understand the bigger picture of why we can’t seem to build homes, schools, and hospitals on time. It’s not just Bad Blood that’s holding us back—it’s a fundamental supply problem. Tune in as we break down how Ireland’s infrastructure could use a dose of Swift’s Style to get things back on track.Pre-order Money: A Story of Humanity Now: https://linktr.ee/moneydavidmcwilliams
  • 71. Arab Disunity: From Ancient Rifts to the Gaza Conflict

    30:45||Season 2024, Ep. 71
    In this episode, we kick things off by exploring the deep divides within the Arab world, tracing the roots of these fractures back to the early 19th century when two competing visions for Arab unity emerged. One vision, anchored in religious conservatism, sought to unify Arabs under the strict interpretation of Islam, as seen in the rise of the House of Saud and Wahhabism. The other vision, driven by figures like Muhammad Ali Pasha in Egypt, looked forward—envisioning a modern, secular, and industrialized Arab world. As we delve into these historical tensions, we connect them to the present day, questioning why Arab nations struggle to present a united front in times of crisis, like the ongoing conflict in Gaza. Alongside this, we touch on the broader geopolitical implications, from the influence of outside powers to the challenges of creating a cohesive Arab identity. It's a conversation that sheds light on the complex interplay of history, religion, and modernity in shaping the Middle East today.Pre-order Money: A Story of Humanity here: https://linktr.ee/moneydavidmcwilliams