The Economics Show with Soumaya Keynes

The Economics Show with Soumaya Keynes

NuevoWhy oil hasn’t ruined the global economy. With Rory Johnston23 de octubre de 2026 · 29 min
Episodios
143
Se publica
cada semana
Último episodio
23 Oct 2026

Sobre el podcast

The Economics Show with Soumaya Keynes is a new weekly podcast from the Financial Times packed full of smart, digestible analysis and incisive conversation. Soumaya Keynes digs deep into the hottest topics in economics along with a cast of FT colleagues and special guests. Come for the big ideas, stay for the nerdery.

Soumaya Keynes is an economics columnist for the Financial Times. Prior to joining the FT she worked at The Economist for eight years as a staff writer, where as well as covering trade, the US economy and the UK economy she co-hosted the Money Talks podcast. She also co-founded the Trade Talks podcast.

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

Episodios 143

  1. Why oil hasn’t ruined the global economy. With Rory Johnston

    29 min

    Eight months ago, when the Iran war began, analysts worried that oil could go up to $200 per barrel. That’s a huge jump compared with about $70 before the conflict, and there were fears it would cause a huge …

    Notas del episodio

    Eight months ago, when the Iran war began, analysts worried that oil could go up to $200 per barrel. That’s a huge jump compared with about $70 before the conflict, and there were fears it would cause a huge shock to the global economy. Luckily, that hasn’t happened. But oil prices have been climbing again since July. Commentator and analyst Rory Johnston joins host Soumaya Keynes to talk through how high prices could still go and why what you pay at the pump doesn’t reflect the cost of unrefined oil.


    Subscribe to Soumaya's show on Apple, Spotify, Pocket Casts or wherever you listen.


    Presented by Soumaya Keynes. Produced by Katya Kumkova. Original music and sound design by Breen Turner. Manuela Saragosa is the executive producer. Flo Phillips is the FT’s head of audio.


    Read a transcript of this episode on FT.com

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

  2. Lessons in communication for Kevin Warsh. With Chris Giles

    27 min

    It is not a calm time in the markets. Investors are losing their cool while bond yields rise along with inflation. So where are central bankers? Offering words of calm? Or adding to the anxiety? The Fed’s Kevin …

    Notas del episodio

    It is not a calm time in the markets. Investors are losing their cool while bond yields rise along with inflation. So where are central bankers? Offering words of calm? Or adding to the anxiety? The Fed’s Kevin Warsh has been telling people they need to look to the data, not to him. But is it that simple? The FT’s Chris Giles joins host Soumaya Keynes to talk through what makes for good central banker communication – and what happens if the message gets lost.


    Subscribe to Soumaya's show on Apple, Spotify, Pocket Casts or wherever you listen.


    Presented by Soumaya Keynes. Produced by Katya Kumkova. Original music and sound design by Breen Turner. Manuela Saragosa is the executive producer. Flo Phillips is the FT’s head of audio.


    Read a transcript of this episode on FT.com

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

  3. The EU vs China: it’s complicated. With Bernd Lange

    23 min

    Europe has a China problem. Every single day, Europe buys a billion euros’ worth more stuff from China than it sells back. And the EU wants to stand up to Beijing over surging exports, which are challenging …

    Notas del episodio

    Europe has a China problem. Every single day, Europe buys a billion euros’ worth more stuff from China than it sells back. And the EU wants to stand up to Beijing over surging exports, which are challenging European industry. But China is also a vital market for European businesses and a crucial supplier of goods and raw materials. So how do you pick a trade fight with a country you depend on? Host Soumaya Keynes speaks to Bernd Lange, the German MEP who chairs the European parliament’s international trade committee, about what Brussels can do to level the playing field with China. Plus, with President Donald Trump rewriting the rules of global trade, how can the EU ensure the US plays fair too?


    Subscribe to Soumaya's show on Apple, Spotify, Pocket Casts or wherever you listen.


    Presented by Soumaya Keynes. Produced by Katya Kumkova. Original music by Breen Turner, sound design by Sean McGarrity. Manuela Saragosa is the executive producer. Flo Phillips is the FT’s head of audio.


    Read a transcript of this episode on FT.com

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

  4. Why Big Tech wants more economists

    31 min

    Tech companies are hiring economists to study how AI is reshaping work and society. But what happens when the companies building the technology also produce the research into its effects? Host Soumaya Keynes …

    Notas del episodio

    Tech companies are hiring economists to study how AI is reshaping work and society. But what happens when the companies building the technology also produce the research into its effects? Host Soumaya Keynes talks to Ara Kharazian, chief economist at Ramp and Peter McCrory chief economist at Anthropic, alongside FT data journalist John Burn-Murdoch, about why economists are in such demand, what proprietary data can reveal about AI’s impact, and whether industry-backed research can avoid conflicts of interest.


    Want more?

    Are economists making themselves too useful in the AI boom?


    Find John Burn Murdoch and Sara O’Connor’s The AI Shift newsletter here


    Presented by Soumaya Keynes. Produced by Mischa Frankl-Duval. Original music by Breen Turner, sound design by Sam Giovinco and Sean O’Garrety. Manuela Saragosa is the executive producer. Flo Phillips is the FT’s head of audio.


    Read a transcript of this episode on FT.com

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

  5. How to be a middle power in a superpower world. With Jenny Bates

    31 min

    The global economy is becoming increasingly hostile with tariffs, export controls and industrial policy being used as geopolitical weapons, while the world’s biggest powers compete for economic advantage. So …

    Notas del episodio

    The global economy is becoming increasingly hostile with tariffs, export controls and industrial policy being used as geopolitical weapons, while the world’s biggest powers compete for economic advantage. So where does that leave a middle power like Britain? Host Soumaya Keynes speaks to UK senior civil servant Jenny Bates, who’s just completed the Heywood Fellowship at Oxford university, where she got to think about Britain's place in the world and how it should adapt to a changing geopolitical seascape. They discuss what Britain can learn from historic partnerships and why closer co-operation between government and business could be crucial to navigating a more dangerous global economy.


    Subscribe to Soumaya's show on Apple, Spotify, Pocket Casts or wherever you listen.


    Further reading:

    Mark Carney urges EU to cement trade deal as Ottawa seeks pivot from US

    Ursula von der Leyen backs Canada’s ‘associate membership’ bid

    Trump lays a new trap for Takaichi


    Presented by Soumaya Keynes. Produced by Mischa Frankl-Duval. Original music and sound design by Breen Turner. Manuela Saragosa is the executive producer. Flo Phillips is the FT’s head of audio.


    Read a transcript of this episode on FT.com

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

  6. Can you spreadsheet your way to equal parenting? With Corinne Low

    27 min

    Dads today are doing more childcare than previous generations, so why hasn’t the parenting gap between mothers and fathers disappeared? One reason: mums are doing more too. Host Soumaya Keynes talks to Corinne …

    Notas del episodio

    Dads today are doing more childcare than previous generations, so why hasn’t the parenting gap between mothers and fathers disappeared? One reason: mums are doing more too. Host Soumaya Keynes talks to Corinne Low, associate professor at the University of Pennsylvania's Wharton School and author of 'Femonomics’ (titled ‘Having it all’ in the US), about what the data tells us about how couples divide the work of raising a family and what same-sex couples can teach us about gender roles in parenting. Plus, can Soumaya’s parenting spreadsheet really help make childcare more equal?


    Subscribe to Soumaya's show on Apple, Spotify, Pocket Casts or wherever you listen.


    Further reading: 

    The perks of parenting by spreadsheet

    Can AI improve parenting?


    Presented by Soumaya Keynes. Produced by Mischa Frankl-Duval. Original music and sound design by Samantha Giovinco and Breen Turner. Manuela Saragosa is the executive producer. Flo Phillips is the FT’s head of audio.


    Read a transcript of this episode on FT.com

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

  7. Will US debt burst the AI bubble? With Ruchir Sharma

    27 min

    Building data centres and running the US government have something in common: they cost a lot of money. Tech companies are borrowing heavily to fund the AI build out, just as Washington is borrowing vast sums …

    Notas del episodio

    Building data centres and running the US government have something in common: they cost a lot of money. Tech companies are borrowing heavily to fund the AI build out, just as Washington is borrowing vast sums to fund the US government, and those two borrowing binges may be on a collision course. Investors are already worried about America’s mounting debt burden and about whether the AI boom has become a bubble. Ruchir Sharma, chair of Rockefeller International and contributing editor to the FT, explains how the two worries might be more closely connected than they first appear, how rising US Treasury yields could raise borrowing costs for AI companies and which number investors should be watching.


    Subscribe to Soumaya's show on Apple, Spotify, Pocket Casts or wherever you listen.


    Further reading: 

    Why America’s debt binge is starting to matter


    Read a transcript of this episode on FT.com

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

  8. Memory chip mania isn’t going away, with Dan Kim

    32 min

    In recent months, part of the chip market has been going bananas. Prices for memory chips – which AI data centres use in droves – have rocketed, as US tech companies lock in massive orders. That’s bad news for …

    Notas del episodio

    In recent months, part of the chip market has been going bananas. Prices for memory chips – which AI data centres use in droves – have rocketed, as US tech companies lock in massive orders. That’s bad news for consumers facing more expensive electronic devices. But what are the broader consequences of misalignment in this market? How will the chip squeeze end? And, as memory chips become a strategic commodity, how are the US and China looking to secure supply? Host Soumaya Keynes is joined by Dan Kim, chief strategy officer at semiconductor analysis firm TechInsights and former chief economist at the CHIPS Program Office at the US Department of Commerce.


    Further reading: 


    Why memory chips are the new frontier of the AI revolution


    Memory chip boom leaves PC and smartphone makers in the cold


    Maybe the chips are down because memory’s too expensive


    Presented by Soumaya Keynes. Produced by Mischa Frankl-Duval. Original music and sound design by Breen Turner. Manuela Saragosa is the executive producer. Flo Phillips is the FT’s head of audio.


    Read a transcript of this episode on FT.com


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

  9. Kevin Warsh spoke — what did we learn? With Torsten Slok

    19 min

    Federal Reserve chair Kevin Warsh took to the stage at Jackson Hole under pressure. Inflation is sticky, bond markets have been wobbling and his insistence on minimal Fed communication has been seen by some to …

    Notas del episodio

    Federal Reserve chair Kevin Warsh took to the stage at Jackson Hole under pressure. Inflation is sticky, bond markets have been wobbling and his insistence on minimal Fed communication has been seen by some to make matters worse. Soumaya speaks to Torsten Slok, chief economist at Apollo Global Management, to discuss what Warsh did (and didn’t say), the changing relationship between the Fed and the Treasury and how the central bank should fight America’s growing fiscal issues.


    Subscribe to Soumaya's show on Apple, Spotify, Pocket Casts or wherever you listen.


    Join Soumaya Keynes on Saturday September 5 at Kenwood House Gardens in London, or online as the FT Weekend paper comes to life. Register now at ft.com/festival and enjoy 10% off with code FTPODCAST.


    Further reading: 

    Hawkish Kevin Warsh hints Fed will raise rates if inflation does not fall soon

    Warsh settles some nerves at Jackson Hole

    Scott Bessent’s bond intervention puts US Treasury on collision course with Fed 

     

    Presented by Soumaya Keynes. Produced by Mischa Frankl-Duval. Original music and sound design by Breen Turner. Manuela Saragosa is the executive producer. Flo Phillips is the FT’s head of audio.


    Read a transcript of this episode on FT.com

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

  10. From "The Story of Money": How a stock market crash gave birth to modern antisemitism

    50 min

    The 1873 Gründerkrach, the spectacular stock market crash that followed Germany’s unification, is one of history’s great financial maelstroms. But its most enduring legacy isn’t about money. Host Robin …

    Notas del episodio

    The 1873 Gründerkrach, the spectacular stock market crash that followed Germany’s unification, is one of history’s great financial maelstroms. But its most enduring legacy isn’t about money. Host Robin Wigglesworth speaks to Pulitzer Prize-winning author Liaquat Ahamed about how the resulting economic malaise fuelled social division and transformed old prejudices into antisemitic conspiracy. It gave birth to ideas that would resurface with catastrophic consequences decades later in the 20th century.


    Further reading:


    1873: The Rothschilds, the First Great Depression, and the Making of the Modern World (2026), by Liaquat Ahamed 

    Gold and Iron: Bismarck, Bleichröder, and the Building of the German Empire (1977), by Fritz Stern


    Hosts: Gillian Tett and Robin Wigglesworth

    Senior producers: Michela Tindera and Laurence Knight 

    Executive producer: Manuela Saragosa

    Original music and sound design: Breen Turner

    Broadcast engineers: Bianca Wakeman and Petros Gioumpasis

    Podcast development: Laura Clarke

    FT global head of audio: Flo Phillips 

    Video editors: Josh Divney and Kristen Kenyon at Podcast Discovery

    Learn more at www.ft.com/tsom or get in touch at [email protected]


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

  11. From "Trumponomics": Can the US Actually Tax Billionaires?

    24 min

    As wealth becomes increasingly concentrated — and artificial intelligence threatens to shift even more income from workers to investors — has the US tax system become outdated? Stephanie Flanders speaks with …

    Notas del episodio

    As wealth becomes increasingly concentrated — and artificial intelligence threatens to shift even more income from workers to investors — has the US tax system become outdated? Stephanie Flanders speaks with Harvard professor Jason Furman, a former economic adviser to President Barack Obama, and Bloomberg reporter Caitlin Reilly about wealth taxes, capital gains, inheritance and whether taxing America's richest is politically or constitutionally possible.


    Hear more from Trumponomics: https://podcasts.apple.com/us/podcast/trumponomics/id1038108799

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

  12. How to break China’s chokehold on rare earths

    31 min

    In the midst of the US-China trade conflict last year, Beijing unsheathed its fiercest weapon. By ramping up restrictions on exports of rare earth metals – crucial elements for high-tech manufacturing – China …

    Notas del episodio

    In the midst of the US-China trade conflict last year, Beijing unsheathed its fiercest weapon. By ramping up restrictions on exports of rare earth metals – crucial elements for high-tech manufacturing – China forced the US to climb down. That show of strength was a wake up call for the US. It has since spent huge sums backing mining companies, penned eye-catching deals and moved to collaborate with allies. But after a little more than a year, how much progress has it made in breaking China’s hold on the rare earths supply chain? Featuring: Abigail Hunter of the SAFE Center for Critical Minerals Strategy; Gracelin Baskaran of the Critical Minerals Security Program at the Center for Strategic and International Studies; Cory Combs of Trivium China; and FT commodities correspondent Camilla Hodgson.


    Subscribe to Soumaya's show on Apple, Spotify, Pocket Casts or wherever you listen.


    Further reading: 

    China and the new era of critical minerals diplomacy

    Hedge funds raise bets against US-backed critical minerals companies 

    China restricts trading with some US rare earth companies


    Presented by Soumaya Keynes. Produced by Mischa Frankl-Duval. Original music by Breen Turner. Sound design by Breen Turner and Samantha Giovinco. Manuela Saragosa and Topher Forhecz are the executive producers. Flo Phillips is the FT’s head of audio.


    Read a transcript of this episode on FT.com


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

  13. Will AI solve the productivity puzzle? With Nick Bloom

    30 min

    Productivity has been a problem for the past 15 years. In developed countries, weak demand, a lack of competition and a paucity of new ideas have all been blamed. Could AI finally reverse that trend? Soumaya …

    Notas del episodio

    Productivity has been a problem for the past 15 years. In developed countries, weak demand, a lack of competition and a paucity of new ideas have all been blamed. Could AI finally reverse that trend? Soumaya speaks to Stanford economics professor Nick Bloom about why CFOs and CEOs expect AI to supercharge their businesses; how concentrated (or otherwise) the gains might be; and why working from home could be good for labour output… and fertility rates.


    Subscribe to Soumaya's show on Apple, Spotify, Pocket Casts or wherever you listen.


    Further Reading

    Is AI productivity growth in the room with us right now?

    How much value is AI really creating?


    Hosted by Soumaya Keynes. Produced by Mischa Frankl-Duval. Original music by Breen Turner. Sound design by Sean McGarrity. Andrew Georgiades is the broadcast engineer. Edwin Lane is the senior producer. Flo Phillips is the FT’s head of audio.


    Read a transcript of this episode on FT.com

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

  14. Is China catching up with the US in AI? With Kyle Chan

    30 min

    The US has long been the world’s undisputed leader in AI. Now, that lead looks under threat. Cutting-edge Chinese models such as Kimi K3 are proving almost as capable as leading American models; meanwhile …

    Notas del episodio

    The US has long been the world’s undisputed leader in AI. Now, that lead looks under threat. Cutting-edge Chinese models such as Kimi K3 are proving almost as capable as leading American models; meanwhile, companies in the US and Europe are turning to cheap, efficient Chinese software from companies including DeepSeek and Z.ai in an attempt to curb high usage costs. As China takes strides – and Beijing considers export controls on its AI models – Soumaya speaks to Kyle Chan, fellow at the Brookings Institution's John L Thornton China Center, to find out more.


    Subscribe to Soumaya's show on Apple, Spotify, Pocket Casts or wherever you listen.


    Further reading: 

    Chinese AI start-up Moonshot launches model challenging Anthropic’s lead

    Companies turn to Chinese AI models to cut costs

    China weighs tighter export controls on AI models and chips


    Presented by Soumaya Keynes. Produced by Mischa Frankl-Duval. Original music and sound design by Breen Turner. Edwin Lane is the senior producer. Flo Phillips is the FT’s head of audio.


    Read a transcript of this episode on FT.com

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

  15. The US-Iran war has not triggered a food crisis — yet. With Adam Hanieh and Susannah Savage

    27 min

    When the US and Israel started bombing Iran earlier this year, market watchers eyed the oil markets nervously. But as the price of crude oil climbed, so did the price of another key commodity produced in the …

    Notas del episodio

    When the US and Israel started bombing Iran earlier this year, market watchers eyed the oil markets nervously. But as the price of crude oil climbed, so did the price of another key commodity produced in the Gulf: fertiliser. Five months later, the world’s food system is looking better than feared, but as Adam Hanieh, director of the Middle East Institute at the School of Oriental and African Studies in London explains, the worst may yet be to come. Soumaya also assesses his prognosis with the FT’s agriculture correspondent Susannah Savage.


    Subscribe to Soumaya's show on Apple, Spotify, Pocket Casts or wherever you listen.


    Presented by Soumaya Keynes. Produced by Mischa Frankl-Duval. Manuela Saragosa is the executive producer. Original music and sound design by Breen Turner.


    Read a transcript of this episode on FT.com


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

  16. The economics of weight loss, with Rebecca Diamond and Claer Barrett

    29 min

    In the western world, richer people tend to be thinner – especially women. But does wealth make people thin, or does being thin make them wealthy? And could the rise of weight-loss drugs such as Mounjaro and …

    Notas del episodio

    In the western world, richer people tend to be thinner – especially women. But does wealth make people thin, or does being thin make them wealthy? And could the rise of weight-loss drugs such as Mounjaro and Wegovy give people – especially women – greater control over their economic outcomes? Soumaya speaks to Harvard professor Rebecca Diamond, the author of a new working paper that finds female users of GLP-1 drugs are more likely to find jobs and romantic partners. Soumaya also speaks to FT consumer editor (and GLP-1 user) Claer Barrett to discuss the drugs’ effects on consumer habits – and the economy at large.


    Subscribe to Soumaya's show on Apple, Spotify, Pocket Casts or wherever you listen.


    Further reading: 

    The economics of women’s weight

    Does the weight-loss revolution show up in the data?

    The challenges of a weight-loss economy


    Presented by Soumaya Keynes. Produced by Mischa Frankl-Duval. Original music and sound design by Breen Turner. Andrew Georgiades is the broadcast engineer. Manuela Saragosa is the executive producer. Flo Phillips if the FT's head of audio.


    Read a transcript of this episode on FT.com

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

  17. Why didn’t the Iran war cause a recession? With Tyler Goodspeed

    32 min

    When Iran closed the Strait of Hormuz, economists were panicked. Several warned that a prolonged closure of the chokepoint could trigger a recession. After all, that’s what oil shocks do. But no recession came …

    Notas del episodio

    When Iran closed the Strait of Hormuz, economists were panicked. Several warned that a prolonged closure of the chokepoint could trigger a recession. After all, that’s what oil shocks do. But no recession came – even after oil prices jumped to almost twice their pre-war level. Why didn’t the global economy tumble into a recession – and are we out of the woods? Soumaya speaks to Tyler Goodspeed, author of ‘Recession: The Real Reasons Economies Shrink and What to Do About It’. They discuss why the global economy has become more resistant to recessions, why the US has more downturns than the UK and why would-be recession-forecasters might be better off reading horoscopes.


    UK public finances weathering Iran war, Andy Burnham to be told

    Iran war could slow global growth to weakest since pandemic, IMF warns


    Subscribe to Soumaya's show on Apple, Spotify, Pocket Casts or wherever you listen.


    Presented by Soumaya Keynes. Produced by Mischa Frankl-Duval. Manuela Saragosa is the executive producer. Original music and sound design by Breen Turner. Broadcast engineering by Andrew Georgiades. Flo Phillips is the FT’s head of audio.


    Read a transcript of this episode on FT.com

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

  18. How to win at AI (if you’re not the US or China), with AI minister Kanishka Narayan

    40 min

    When the US government banned a top AI lab from exporting its newest models, the world took notice. Export controls forbidding foreign access to Anthropic’s Mythos and Fable systems locked most of the world out …

    Notas del episodio

    When the US government banned a top AI lab from exporting its newest models, the world took notice. Export controls forbidding foreign access to Anthropic’s Mythos and Fable systems locked most of the world out of using this cutting-edge technology. As AI becomes more embedded in our daily lives, countries want to secure access to frontier models. But unless you’re the US or China, your country doesn’t have a top-tier national champion. So what can other countries do to secure sovereign control over AI? What kind of leverage can they exert? And can they use AI to boost – rather than break – their economies? Soumaya speaks to UK AI minister Kanishka Narayan to discuss.


    Subscribe to Soumaya's show on Apple, Spotify, Pocket Casts or wherever you listen.


    Further Reading

    How the DeepMind mafia brought the AI boom to London

    UK companies ‘should be worried’ about Anthropic’s latest AI model, minister says

    Did Anthropic talk its way into an AI export ban?

    Anthropic chief tells G7 leaders to ‘resist the temptation to splinter’ over AI


    Presented by Soumaya Keynes. Produced by Mischa Frankl-Duval. Manuela Saragosa is the executive producer. Sound design by Sean McGarrity. Original music by Breen Turner. Broadcast engineering by Andrew Georgiades. Flo Phillips is the FT’s head of audio.


    Read a transcript of this episode on FT.com

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

  19. China wanted western tech. Now, the tables have turned. With John Minnich

    43 min

    For decades, China accelerated its industrial development through a straightforward bargain: foreign firms invested in China, often through joint ventures, gaining access to the enormous Chinese market, while …

    Notas del episodio

    For decades, China accelerated its industrial development through a straightforward bargain: foreign firms invested in China, often through joint ventures, gaining access to the enormous Chinese market, while Chinese companies absorbed western tech and knowhow. Today, that dynamic is changing. China's high-tech industries are now world-leading, and western governments are looking on enviously. So should the US and EU now take a page from China's playbook? Host Soumaya Keynes speaks to John Minnich, assistant professor of international relations at LSE, about the history of Chinese tech transfer, how it drove industrial sophistication and whether the west could — or should — attempt something similar.


    Subscribe to Soumaya's show on Apple, Spotify, Pocket Casts or wherever you listen.


    Further Reading

    How China pulled off a great tech reversal

    EU to include UK and Japan in ‘Made in Europe’ plans

    John Minnich: Divide and Conquer: Industry Market Structure, Inter-Firm Rivalry, and Bargaining over Technology


    Presented by Soumaya Keynes. Produced by Mischa Frankl-Duval. Original music and sound design by Breen Turner. Manuela Saragosa is the executive producer. Flo Phillips is the FT’s head of audio.


    Read a transcript of this episode on FT.com

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

  20. Brexit at 10: What comes next? With Anand Menon

    30 min

    Just before the UK voted to leave the EU in June 2016, the Treasury (and others) warned the consequences would be catastrophic. GDP would fall and unemployment would rise, Sterling would dip and government …

    Notas del episodio

    Just before the UK voted to leave the EU in June 2016, the Treasury (and others) warned the consequences would be catastrophic. GDP would fall and unemployment would rise, Sterling would dip and government borrowing would climb. The shock of Brexit would plunge the UK into a recession. Ten years later, it’s clear some of those predictions were wide of the mark. But Brexit has made the UK’s economy smaller. As would-be Labour leaders Wes Streeting and Andy Burnham openly discuss the case for rejoining the EU, Soumaya asks Anand Menon, head of the UK in a Changing Europe think-tank, what the UK’s relationship with the EU should look like. They discuss the UK’s surprising areas of economic outperformance, why Labour’s “red lines” are hampering its trade ambitions and what the EU would demand if the UK moved to rejoin.


    Further reading:

    Andy Burnham plays down rejoining EU after Wes Streeting advocates Brexit reversal

    Ten years on, what’s next for Brexit? You asked, we answered

    Britain re-entering the EU ‘an inevitability’, says Treasury minister


    Subscribe to Soumaya's show on Apple, Spotify, Pocket Casts or wherever you listen.

    Presented by Soumaya Keynes. Produced by Mischa Frankl-Duval. Original music and sound design by Breen Turner. Manuela Saragosa is the executive producer. Flo Phillips is the FT’s head of audio.


    Read a transcript of this episode on FT.com


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

  21. The US-China decoupling fantasy, with Jessica Chen Weiss

    32 min

    Everything looks to be going China’s way: Beijing has a stranglehold on the world’s critical minerals, and its high-tech manufacturing has rapidly become world-leading. Its massive trade surplus is undermining …

    Notas del episodio

    Everything looks to be going China’s way: Beijing has a stranglehold on the world’s critical minerals, and its high-tech manufacturing has rapidly become world-leading. Its massive trade surplus is undermining vital industries in the rest of the world. Is this part of a Chinese masterplan for world domination? The truth is a little more nuanced than that. Soumaya Keynes speaks to Jessica Chen Weiss, director of the Institute for America, China, and the Future of Global Affairs at Johns Hopkins School of Advanced International Studies. They discuss why decoupling is a “fantasy”, what “middle powers” are doing better than the US and the social and the domestic challenges that still hold China back.


    Subscribe to Soumaya's show on Apple, Spotify, Pocket Casts or wherever you listen.


    Further reading

    A cold peace between the US and China is good enough

    Pete Hegseth says US-China ties are ‘better than in years’

    America needs to put the renminbi back on the international agenda


    Hosted by Soumaya Keynes. Produced by Mischa Frankl-Duval. Original music and sound design by Breen Turner. The executive producer is Manuela Saragosa.


    Read a transcript of this episode on FT.com

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

  22. How to win a trade war, with Paul Krugman and Chad Bown

    31 min

    In a reversal of roles, Nobel prize-winning economist Paul Krugman steps into host Soumaya Keynes shoes to quiz her and co-author Chad Bown about their new book "How to Win a Trade War", and the lessons it …

    Notas del episodio

    In a reversal of roles, Nobel prize-winning economist Paul Krugman steps into host Soumaya Keynes shoes to quiz her and co-author Chad Bown about their new book "How to Win a Trade War", and the lessons it contains for surviving a global world order where traditional trade rules are being abandoned. They discuss the fragile domestic politics of a trade war, what the rest of the world can learn from China and reasons to be sort of cheerful about the future of global trade.


    Further reading

    No one wins a trade war. Or do they?

    Why Europe must embrace tariffs


    Subscribe to Soumaya's show on Apple, Spotify, Pocket Casts or wherever you listen.


    Presented by Soumaya Keynes. Produced by Mischa Frankl-Duval. Manuela Saragosa is the executive producer. Original music and sound design by Breen Turner.


    Read a transcript of this episode on FT.com

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

  23. Can African countries mimic Asia’s economic success? With Joe Studwell

    29 min

    Africa is traditionally seen as a continent of immense resources, let down by poor governance and excessive violence. Joe Studwell disagrees. In his book, How Africa Works, Studwell flips those assumptions …

    Notas del episodio

    Africa is traditionally seen as a continent of immense resources, let down by poor governance and excessive violence. Joe Studwell disagrees. In his book, How Africa Works, Studwell flips those assumptions upside down, and argues that low population density, a brutal disease burden and "low-budget" colonialism have hampered the continent’s development. Now, Studwell says, Africa is in a position to follow the blueprint for rapid advancement set by some of Asia’s most impressive economies, such as China, Japan, Korea and Taiwan. Host Soumaya Keynes and Studwell discuss the policy mix African nations should follow, the problems with "leapfrog" development and how "keeping up with the Joneses" could drive continent-wide development.


    Further Reading

    African economies are more resilient than ever


    Subscribe to Soumaya's show on Apple, Spotify, Pocket Casts or wherever you listen.

    Presented by Soumaya Keynes. Produced by Mischa Frankl-Duval. Manuela Saragosa is the executive producer. Original music and sound design by Breen Turner.


    Read a transcript of this episode on FT.com

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

  24. Should economics have fewer taboos? With Alvin Roth

    26 min

    Economists like to think of their discipline as a rational science. But might we make better decisions if we ditched some of our moral aversions? Specifically: would we make better choices if we learned to …

    Notas del episodio

    Economists like to think of their discipline as a rational science. But might we make better decisions if we ditched some of our moral aversions? Specifically: would we make better choices if we learned to conquer moral repugnance? Alvin Roth, Nobel laureate, and author of the recent book ‘Moral Economics’, tells host Soumaya Keynes why a free market in kidneys and surrogacy makes economic sense, and what he makes of prediction markets.


    The inaugural FT Weekend Festival in New York City is fast approaching, with a line-up featuring Paul Krugman, Martin Wolf, Gillian Tett, and plenty more. Join on Saturday, June 20, at Spring Studios or online. Register now and as a podcast listener, save 10% using our code FTPODCAST.


    Further reading

    When is it OK for economists to experiment on people?

    So you tried to buy a country . . .


    Subscribe to Soumaya's show on Apple, Spotify, Pocket Casts or wherever you listen.


    Read a transcript of this episode on FT.com

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

  25. Will AI help the Fed conquer inflation? With Austan Goolsbee

    31 min

    Between the Iran war, high gas prices, and wobbly jobs numbers, central bankers have plenty to worry about. But some see a light on the horizon: artificial intelligence. AI could lead to abundant production and …

    Notas del episodio

    Between the Iran war, high gas prices, and wobbly jobs numbers, central bankers have plenty to worry about. But some see a light on the horizon: artificial intelligence. AI could lead to abundant production and lower prices, allowing the Fed to lower interest rates, and boost the economy – or so the theory goes. But how will we know if AI is boosting productivity? And what happens if the AI advocates promising an economic transformation are wrong? Soumaya is joined by Austan Goolsbee, head of the Chicago Federal Reserve, to discuss these questions and more. Soumaya and Austan also analyse how Fed chair nominee, Kevin Warsh, might change the central bank; and how Austan feels about Jay Powell’s plans to stick around.


    The inaugural FT Weekend Festival in New York City is fast approaching, with a line-up featuring Paul Krugman, Martin Wolf, Gillian Tett, and plenty more. Join on Saturday, June 20, at Spring Studios or online. Register now and as a podcast listener, save 10% using our code FTPODCAST.


    Further reading:

    AI boom poised to be ‘massively disinflationary’, Northern Trust says

    US economy grows at 2% pace in first quarter as AI boom fuels investment  

    The real Greenspan lesson for Warsh on inflation


    Produced by Mischa Frankl-Duval with original music from Breen Turner and sound design by Sam Giovinco. The senior producers are Edwin Lane and Michela Tindera. The FT head of audio is Cheryl Brumley.


    Read a transcript of this episode on FT.com

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

  26. How will falling fertility rates hurt the economy? With Melissa Kearney

    34 min

    Typically, a society’s population remains stable if women have about 2.1 children each. By that metric, the word has a big problem. In developed countries the total fertility rate is well below that figure. So …

    Notas del episodio

    Typically, a society’s population remains stable if women have about 2.1 children each. By that metric, the word has a big problem. In developed countries the total fertility rate is well below that figure. So what are the economic consequences of that shortfall? Soumaya Keynes speaks to Melissa Kearney, a professor at the University of Notre Dame and the director of the Aspen Economic Strategy Group, which recently put out a series on the topic: Demographic Headwinds: The Economic Consequences of Lower Birth Rates and Longer Lives.They discuss why the fertility rate won’t reverse course any time soon — and what happens when the rest of the baby boomers retire.


    Further reading:

    Why are fertility rates collapsing? Gender roles

    Could working from home solve the global fertility crisis?


    Subscribe to Soumaya's show on Apple, Spotify, Pocket Casts or wherever you listen.

    Presented by Soumaya Keynes. Produced by Mischa Frankl-Duval. Michela Tindera is the senior producer. Original music and sound design by Breen Turner. The FT head of audio is Cheryl Brumley.


    Read a transcript of this episode on FT.com

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

  27. Will energy security fears change the global energy market? With Daniel Yergin

    28 min

    A few months ago, the oil market looked pretty serene. But the US-Iran war has upended global supplies and pushed energy security to the top of the policy agenda. Importers have realised they need to diversify …

    Notas del episodio

    A few months ago, the oil market looked pretty serene. But the US-Iran war has upended global supplies and pushed energy security to the top of the policy agenda. Importers have realised they need to diversify their energy sources. What role will renewables have to play? And would a shift towards green energy just mean trading one bottleneck for another? Soumaya Keynes speaks to Daniel Yergin, vice-chair of S&P Global and author of the Pulitzer Prize-winning book ‘The Prize: The Epic Quest for Oil, Money, and Power'. 


    Subscribe to Soumaya's show on Apple, Spotify, Pocket Casts or wherever you listen.


    Further reading: 

    How to survive an energy crunch

    Will the Iran war derail the energy transition?

    Middle East war strengthens case for renewables, say clean energy experts


    Presented by Soumaya Keynes. Produced by Mischa Frankl-Duval. The senior producer was Michela Tindera. Original music by Breen Turner. Sound design by Samantha Giovinco. The FT head of audio is Cheryl Brumley.


    Join FT journalists and a special guest on Wednesday 20 May at 1200 GMT for a subscriber webinar on The Dollar under Trump: markets, monetary policy and the next Fed chair. Register at ft.com/trump-dollar and send us your questions


    Read a transcript of this episode on FT.com

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

  28. Introducing: The Story of Money

    1 min

    The economist John Kenneth Galbraith once quipped that “there can be few fields of human endeavour in which history counts for so little as in the world of finance.” This show sets out to prove the opposite …

    Notas del episodio

    The economist John Kenneth Galbraith once quipped that “there can be few fields of human endeavour in which history counts for so little as in the world of finance.”


    This show sets out to prove the opposite.


    Each week, FT columnist Gillian Tett and FT Alphaville editor Robin Wigglesworth dig into the ideas, personalities and institutions that have shaped global finance.


    From unregulated banking in 19th-century frontier America to institutionalised debt jubilees in ancient Mesopotamia, and from the birth of credit derivatives to the great market meltdowns of the past, Robin and Gillian uncover the story of money because time and again, the same manias and mistakes resurface. Tune in and you might just understand where the next financial opportunities and disasters could be hiding. 


    Subscribe to The Story of Money wherever you get your podcasts and watch the show on YouTube.


    Learn more about the show at ft.com/tsom and find out more about Gillian Tett here and Robin Wigglesworth here.


    Follow FT Alphaville here.


    Hosts: Gillian Tett and Robin Wigglesworth

    Producer: Lulu Smyth

    Senior Producer: Michela Tindera

    Executive Producers: Flo Phillips and Manuela Saragosa

    Original music and sound engineering: Breen Turner

    Podcast Development: Laura Clarke

    Global Head of Audio: Cheryl Brumley

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

  29. Will the energy shock change global trade imbalances? With Brad Setser

    34 min

    China runs an enormous trade surplus, much to the chagrin of some of its trading partners: cheap exports of cars, chemicals and other goods are hampering major economies, especially in Europe. But the Asian …

    Notas del episodio

    China runs an enormous trade surplus, much to the chagrin of some of its trading partners: cheap exports of cars, chemicals and other goods are hampering major economies, especially in Europe. But the Asian nation, the world’s largest exporter, is a net importer of oil. Could higher oil prices help redress global trade imbalances? Soumaya Keynes speaks to Brad Setser, senior fellow at the Council on Foreign Relations, to discuss how global trade imbalances have changed, why Beijing’s surplus may be bigger than it looks, and what European leaders should be doing about it.


    Subscribe to Soumaya's show on Apple, Spotify, Pocket Casts or wherever you listen.


    Related reading

    What's really shocking about the second China shock?

    China shock 2.0: should Europe welcome Chinese investment?


    Presented by Soumaya Keynes. Produced by Mischa Frankl-Duval and Sonja Hutson. Edwin Lane is the senior producer. Original music and sound design by Breen Turner. The FT's head of audio is Cheryl Brumley.


    Read a transcript of this episode on FT.com

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

  30. How long will the Iran energy shock last? With Chris Giles

    31 min

    President Donald Trump backed off his threats to wipe out “a whole civilization". Instead, we have a ceasefire – at least for now. But how much damage has the conflict between Iran, the US and Israel already …

    Notas del episodio

    President Donald Trump backed off his threats to wipe out “a whole civilization". Instead, we have a ceasefire – at least for now. But how much damage has the conflict between Iran, the US and Israel already done to the global economy? Where will that damage show up next? And how long will the effects of the Iran shock be felt? Soumaya Keynes speaks to the FT’s economics commentator Chris Giles to discuss the economic consequences of the war and what policymakers should be doing to mitigate them.


    Subscribe to Soumaya's show on Apple, Spotify, Pocket Casts or wherever you listen.


    Subscribe to Chris Giles on Central Banks here.


    Further reading

    The Iran war shock is about half the size of Covid-19

    The ECB’s three-pronged monetary strategy


    Presented by Soumaya Keynes. Produced by Mischa Frankl-Duval. Manuela Saragosa is the executive producer. Original music by Breen Turner. Sound design by Simon Panayi. The FT head of audio is Cheryl Brumley.


    Read a transcript of this episode on FT.com

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

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