In a matter of just weeks, the United States under Donald Trump has shifted its position from supporting Ukraine in its war with Russia, to denouncing it as the aggressor—falsely—and demanding mineral rights worth hundreds of billions of dollars. Adam and Cameron discuss the broad impact of the shift.

Also on the show: What to expect from the upcoming elections in Germany.

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Billionaire Elon Musk and his DOGE team gained access to a sensitive Treasury Department payment system, setting off alarm bells in parts of the financial community. Adam and Cameron take a look at what the payment system does and what could possibly go wrong.

Also on the show: Coffee has reached record-high prices around the world. This second segment focuses on the economics of coffee.

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Every day, experts from around the globe present their arguments for solving the world’s biggest problems. And every day, these experts disagree in small and large ways. At Foreign Policy, our approach is to share a wide range of opinions, side by side, day by day. But what if people could hear those arguments tested, in real time, under pressure from an opposing view–by an international cast of diplomats, journalists, academics and activists?

That’s the idea behind Counterpoint, a new debate show from Foreign Policy, in partnership with the Doha Forum—hosted by FP deputy editor Sasha Polakow-Suransky.

On this episode, Sasha explores the question: Should the West Pressure Ukraine to Negotiate an End to the War?

He’s joined by Emma Ashford, a senior fellow at the Stimson Center and an assistant professor at Georgetown University, and Rajan Menon, the director of the grand strategy program at Defense Priorities and a senior research scholar at Columbia University.

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The Trump administration has imposed a 10 percent tariff on all Chinese goods coming into the United States, prompting countermeasures by Beijing. What are the economic arguments that favor tariffs, and how could Trump's measure backfire on the United States? Adam and Cameron dig in.

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For decades, billionaire Elon Musk has only had the kind of power that comes with great wealth. Now he has political power, as well. What is he after? And what does he truly believe? Adam and Cameron spend the episode talking about Musk and his role in the Trump administration.

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About a dozen billionaires attended U.S. President Donald Trump's inauguration this past week, including the country's tech industry titans, in a sign of how he might govern—and who has his ear. After the inauguration, Trump signed a record 26 executive orders that will shape American life in the coming years, including the economy. Adam and Cameron dig in.

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The wildfires in Los Angeles this month have already caused some $275 billion in damage—an unprecedented catastrophe by any measure. Adam and Cameron discuss the economic implications and the impact of climate change not just there but elsewhere.

Also on the show: The economics of Greenland.

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In this bonus episode, Adam and Cameron discuss the economic legacy of former U.S. President Jimmy Carter, including his approach to inflation, deregulation, and fiscal issues.

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In this first episode of 2025—and the first one recorded since Adam’s heart surgery—Cameron and Adam discuss a conceptual ecological framework called the Planetary.

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This is the third and final episode in a miniseries on heterodox economists—people who embrace completely different approaches to economics than those of the standard thinkers.

Adam and Cameron discuss Hyman Minsky, an American economist who wrote widely on financial crises but whose work received broad attention only around the collapse of 2008—more than a decade after his death.

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