Advertise on podcast: Money Talks from The Economist

Sam Bankman-Fried was the poster child for effective altruism. Before his arrest, he had done more than anyone to promote the movement. Today, no one has done more damage. Yet, in Silicon Valley, EAs (as adherents are known) are everywhere. Should you worry that a philosophy that inspired the man behind one of America’s largest frauds has taken root in the world’s most important firms? We ask Bankman-Fried himself. We also speak to one of the founding fathers of the EA movement. Guests and hosts: Sam Bankman-Fried, former CEO of FTX Toby Ord, co-founder of Giving What We Can Shera Avi-Yonah, The Economist’s US business correspondent Ethan Wu, co-host of “Money Talks” Alice Fulwood, co-host of “Money Talks” Topics covered: Effective Altruism AI Silicon Valley

It’s that time of year again. An economist gets a call from Sweden–and we then badger them to speak to us. We’re pleased to say Michael Woodford, who shared the award with Robert Hall, returned our call. The prize committee credited the duo with rebuilding macroeconomics on “microfoundations”: representing economic outcomes as the result of the behaviour of individuals and businesses. On this week’s show, Mr Woodford explains his theory. Guests and hosts: Michael Woodford, Columbia University Henry Curr, The Economist’s acting business affairs editor Alice Fulwood, co-host of “Money Talks” Ethan Wu, co-host of “Money Talks” Topics covered: Nobel prize for economics Economic theory New Keynesian economics

Investors have a big problem. Their sharpest tool, diversification, is getting blunter. And one possible culprit may surprise you: Donald Trump. A growing number of investors blame populist politicians for upending the world order and ruining the logic behind their most important strategies. Are they right? Guests and hosts: Ed Cole, of Man Group Josh Roberts, The Economist’s acting Britain editor Alice Fulwood, co-host of “Money Talks” Ethan Wu, co-host of “Money Talks” Topics covered: Populism Investment strategies Inflation Transcripts of our podcasts are available via economist.com/podcasts. Listen to what matters most, from global politics and business to science and technology—subscribe to Economist Podcasts+.

Carson Block is not the only investor asking whether the AI rally can last. But the famed short-seller has a distinctive theory of how it will unravel. In this special live show, he explains how he is betting against the AI boom. Guests and hosts: Carson Block, CEO of Muddy Waters Research Alice Fulwood, co-host of “Money Talks” Mike Bird, co-host of “Money Talks” Topics covered: AI Short selling Muddy Waters Research

Global alcohol consumption fell by 2% in 2025. It was the third straight year of decline, as younger drinkers prove they are not as boozy as their parents. As drinks-makers face an uncertain future, competition is sharpening. With brewers, vintners and distillers expanding into new domains, which companies hold the advantage? Guests and hosts: Jacob Aarup-Andersen, CEO of Carlsberg Trevor Stirling, analyst at Bernstein Avantika Chilkoti, global business writer at The Economist Alice Fulwood, co-host of “Money Talks” Ethan Wu, co-host of “Money Talks” Topics covered: Alcoholic drinks industry Ready-to-drink cocktails Alcohol-free drinks Transcripts of our podcasts are available via economist.com/podcasts. Listen to what matters most, from global politics and business to science and technology—subscribe to The Economist.

The global bond sell-off is deepening. This week, the yield on ten-year American Treasuries surpassed 5%, its highest level in two decades. Meanwhile British gilts, German bunds and Japanese government bonds are all soaring to multi-year highs. Investors are under pressure from persistent inflation, government debt and the AI borrowing binge. We ask whether high long-term yields are here to stay. Guests and hosts: Mark Dowding, Chief Investment Officer for BlueBay fixed income Mike Bird, co-host of “Money Talks” Alice Fulwood, co-host of “Money Talks” Topics covered: Bond markets Scott Bessent AI infrastructure buildout Transcripts of our podcasts are available via economist.com/podcasts. Listen to what matters most, from global politics and business to science and technology—subscribe to The Economist.

Since 2022, the AI boom has been the biggest story in financial markets. It has turned some of the largest tech companies into major financial players, lending and borrowing from one another. This week, we dig into how worried you should be about that web of “circular” AI financing. Guests and hosts: Shailesh Chitnis, The Economist's global business writer Mike Bird, co-host of “Money Talks” Alice Fulwood, co-host of “Money Talks” Topics covered: Nvidia AI boom “Circular” financing

Each August, the world’s central bankers descend on Jackson Hole. Normally, the coffee-break chatter is about policy. But this year, the big question was what Kevin Warsh, the enigmatic new Fed Chair, was really thinking—about how the Fed works, its independence and monetary policy. His speech was surprisingly revealing. Our acting economics editor tells us what he learned. Guests and hosts: Archie Hall, The Economist’s acting economics editor Alice Fulwood, co-host of “Money Talks” Ethan Wu, co-host of “Money Talks” Topics covered: Kevin Warsh Jackson Hole Economic Symposium Federal Reserve Transcripts of our podcasts are available via economist.com/podcasts. Listen to what matters most, from global politics and business to science and technology—subscribe to The Economist.

For decades, America’s stock exchanges have been the destination of choice for international investors. And no wonder, since that is where the Magnificent Seven tech firms are listed. Until recently these behemoths were generating gushing streams of cash, spending little of it and delivering stellar returns. But are they—and the rest of America’s stock market—now losing their shine? Guests and hosts: Michael Hartnett, Bank of America investment strategist Josh Roberts, co-host of “Money Talks” Alice Fulwood, co-host of “Money Talks” Ethan Wu, co-host of “Money Talks” Topics covered: S&P 500 American exceptionalism Magnificent Seven stocks Transcripts of our podcasts are available via economist.com/podcasts. Listen to what matters most, from global politics and business to science and technology—subscribe to The Economist.

American grocery prices have risen by around a quarter since 2020. So are shoppers getting ripped off? And, if so, is anyone cashing in? Money Talks goes on the trail of sky-high shopping bills. Guests and hosts: Aaron Lehman, president of Iowa Farmers Union Nik Modi, retail analyst at RBC Capital Markets Alice Fulwood, co-host of “Money Talks” Ethan Wu, co-host of “Money Talks” Josh Roberts, co-host of “Money Talks” Topics covered: Food prices Grocery stores Farming Transcripts of our podcasts are available via economist.com/podcasts. Listen to what matters most, from global politics and business to science and technology—subscribe to Economist Podcasts+.

Humans have, mostly, made babies the same way for millenia. That kind of inertia is catnip to Silicon Valley investors who are pouring money into technology like embryo screening. On this week’s show, we explore the companies offering fertility tech and hear why some don’t shy away from terms like eugenics. Guests and hosts: Jonathan Anomaly, co-founder of Herasight Michelle Kwok, principal at Draper Shera Avi-Yonah, The Economist’s business correspondent Alice Fulwood, co-host of “Money Talks” Ethan Wu, co-host of “Money Talks” Topics covered: Fertility industry Embryo screening Eugenics Transcripts of our podcasts are available via economist.com/podcasts. Listen to what matters most, from global politics and business to science and technology—subscribe to The Economist.

Conspiracy theories were rife when Kevin Warsh was made Fed chair. Was he a hawk in dove's clothing or a dove dressed as a hawk? The tinfoil hats came out because Mr Warsh himself remained tight-lipped. Now, though, he has presided over two rate-setting meetings at the Fed. So what have we learnt about the world’s most important central banker? Guests and hosts: Josh Roberts, The Economist’s capital markets correspondent Archie Hall, The Economist’s acting economics editor Alex Domash, The Economist’s acting US economics editor Topics covered: Kevin Warsh The Federal Reserve Donald Trump Transcripts of our podcasts are available via economist.com/podcasts. Listen to what matters most, from global politics and business to science and technology—subscribe to The Economist.

Travelling for work is rarely glamorous. And nowhere is that more true than at The Economist. Our correspondents have spent the last four decades travelling the world, expensing Big Macs in service of one aim: to understand how currencies work. To celebrate the Big Mac index’s 40th birthday, we share what we’ve learnt. Guests and hosts: Eswar Prasad, economics professor at Cornell University Simon Cox, The Economist’s China economics editor Josh Roberts, The Economist’s capital markets correspondent Ethan Wu, co-host of “Money Talks” Topics covered: Big Mac Index Currencies Purchasing Power Parity Transcripts of our podcasts are available via economist.com/podcasts. Listen to what matters most, from global politics and business to science and technology—subscribe to The Economist.

Andy Burnham is Britain’s seventh prime minister in a decade. Can he and his chancellor, John Healey, break the British curse of sluggish growth, high debt and soaring spending? And, crucially, can he survive longer than Keir Starmer? Guests and hosts: Kristina Hooper, chief market strategist at Man Group Duncan Robinson, The Economist’s political editor and Bagehot columnist Josh Roberts, The Economist’s capital markets correspondent Ethan Wu, co-host of “Money Talks” Topics covered: Andy Burnham John Healey British economy Transcripts of our podcasts are available via economist.com/podcasts. Listen to what matters most, from global politics and business to science and technology—subscribe to The Economist.

Eli Lilly has been selling pills to sick people for 150 years. That business model has made it a trillion-dollar company. But now, the firm’s CEO David Ricks wants to do something different. He wants to push treatments that stop people getting sick in the first place. Will it work? Guests and hosts: David Ricks, CEO of Eli Lilly Shailesh Chitnis, The Economist’s global business writer Mike Bird, co-host of “Money Talks” Alice Fulwood, co-host of “Money Talks” Topics covered: Eli Lilly AI GLP-1s Transcripts of our podcasts are available via economist.com/podcasts. Listen to what matters most, from global politics and business to science and technology—subscribe to Economist Podcasts+. For more information about how to access Economist Podcasts+, please visit our FAQs page or watch our video explaining how to link your account.