Gideon talks to Ray Dalio, founder of Bridgewater Associates, the world’s largest hedge fund and author of a new book: How Countries Go Broke. They discuss the size of the US debt and what history tells us about identifying warning signs. Clip: CBS

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Is Donald Trump’s ‘big, beautiful bill’ a political curse for Republicans?

Fears over US debt load and inflation ignite exodus from long-term bonds

Donald Trump’s big, beautiful act of self-harm

The fall in the dollar is not scary

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Presented by Gideon Rachman. Produced by Fiona Symon. Sound design is by Breen Turner and the executive producer is Flo Phillips.

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Read a transcript of this episode on FT.com

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Gideon discusses whether the fragile ceasefire between Israel and Iran can hold with Vali Nasr, Professor of Middle East Studies at Johns Hopkins University. Can anyone claim victory from the war? Where does this leave the battered regime in Tehran and its nuclear ambitions? And what will the US need to do to ensure that intense fighting doesn’t break out again? Clips: Channel 4 News; BBC

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Best summer books of 2025: Politics

How Donald Trump brokered a shaky Israel-Iran ceasefire

Gulf expat bubble punctured by missiles

Where is Iran’s uranium? Search continues for 400kg stockpile

Iran’s supreme leader faces his defining moment

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Presented by Gideon Rachman. Produced by Fiona Symon. Sound design is by Simon Panayi and the executive producer is Flo Phillips.

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Read a transcript of this episode on FT.com

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Israel has launched an aerial bombardment of Iran, with the aim, it says, of ending Iran’s nuclear ambitions. Gideon talks to Philip Gordon, who was national security adviser to former US vice-president Kamala Harris, about how realistic Israel’s aims are, Iran’s capacity to fight back, and whether the US is about to be drawn into another conflict in the Middle East. Clips: Channel 4 News, The Independent

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War on Iran is splitting Trump’s Maga movement

Can an American bunker-buster destroy Iran’s nuclear mountain?

Could strikes on Iran cause a nuclear disaster?

Let them kill us’: millions of Iranians refuse to leave Tehran

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Presented by Gideon Rachman. Produced by Fiona Symon. Sound design is by Breen Turner and the executive producer is Flo Phillips.

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Read a transcript of this episode on FT.com

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Gideon talks to Oana Lungescu, Nato's former and longest-serving spokesperson, about what to expect from this month’s summit and what's at stake? Can Europe convince the Trump administration that Russia is a risk they need to take seriously, and will an agreement to increase defence spending be enough to satisfy the US president? Clips: Sky; Channel 4, Aljazeera

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Europe, the US and the question of values

Europe confronts Trump’s triple threat on Ukraine, Nato and trade

Europe has a weaker hand than it thinks on Ukraine

Nato defence ministers to discuss path to 5% military spending

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Presented by Gideon Rachman. Produced by Fiona Symon. Sound design is by Simon Panayi and the executive producer is Flo Phillips.

Follow Gideon on Bluesky or X @gideonrachman.bsky.social, @gideonrachman

Read a transcript of this episode on FT.com

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Gideon Rachman and China historian Rana Mitter discuss the evolution of Xi Jinping from internal exile, to party apparatchik, to strongman leader. What motivates Xi and what’s behind his friendship with the Russian leader? This episode is an edited recording of an event organised by Intelligence Squared that took place in central London late last month. Clip: CGTN

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Donald Trump says China’s Xi Jinping is ‘hard to make a deal with’

Xi’s history shapes China’s diplomatic strategy

Chinese defence minister set to skip security forum in Singapore

China’s Xi Jinping likens ‘US hegemony’ to ‘fascist forces’ ahead of Vladimir Putin summit

Xi and Putin are the greatest beneficiaries of Trump’s chaos

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Presented by Gideon Rachman. Produced by Fiona Symon. Sound design is by Breen Turner and the executive producer is Flo Phillips.

Follow Gideon on Bluesky or X @gideonrachman.bsky.social, @gideonrachman

Read a transcript of this episode on FT.com

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In a special six-part series of The Economics Show, Martin Wolf, the FT’s chief economics commentator, and Nobel Prize-winning economist Paul Krugman discuss the economic events reshaping the world in the wake of US President Donald Trump’s election.

Subscribe and listen to this series on The Economics Show on Apple Podcasts, Spotify, Pocket Casts or wherever you listen to podcasts.

Episodes will also be available on the FT’s YouTube channel.

If you’d like to get in touch and ask Martin and Paul a question, please email economics.show@ft.com

Read Martin’s FT column here

Subscribe to Paul’s substack here

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President Biden’s time in office was a momentous period in world affairs and American foreign policy. The Taliban returned to rule Afghanistan, Russia invaded Ukraine, and Hamas attacked Israel all on the watch of National Security Adviser, Jake Sullivan.

Gideon talks to Sullivan about the Biden legacy and hears how and why events unfolded and what the Trump administration is doing now.

Clips: BBC, CBS, Sky News, The Guardian, Radio Free Europe, CGTN

Follow Gideon on Bluesky or X @gideonrachman.bsky.social, @gideonrachman

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Europe needs to keep up the pressure on Netanyahu

Putin thinks that time is on his side

Former national security adviser Jake Sullivan: ‘The core engines of American power are humming

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Presented by Gideon Rachman. Produced by Clare Williamson. Sound design is by Breen Turner and the executive producer is Flo Phillips.

Read a transcript of this episode on FT.com

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The EU is in Donald Trump’s cross hairs. So how should it respond? In this week’s episode, Paschal Donohoe, Ireland’s finance minister and president of the Eurogroup of finance ministers, discusses whether the euro can challenge the dollar. He tells Gideon that European integration should go even further - and makes the case for immigration and a new relationship between the EU and the UK.

Clips: Euronews,PBS Newshour

Follow Gideon on Bluesky or X @gideonrachman.bsky.social, @gideonrachman

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Why the EU beats Trump at the art of the deal

How the UK and EU thrashed out a post-Brexit reset in relations

Donald Trump says US will ‘100%’ strike trade deal with EU

Euro has ‘clear path’ towards greater reserve currency use, says Eurogroup president

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Presented by Gideon Rachman. Produced by Clare Williamson. Sound design is by Breen Turner and the executive producer is Flo Phillips.

Read a transcript of this episode on FT.com

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