The David McWilliams Podcast

This week, we take you back to the final years of Yugoslavia, a country that exploded into one of the bloodiest wars Europe has seen since WWII. We trace how ethnic tensions, decades of suppressed rivalries, and opportunistic leaders tore the region apart, while Europe watched on, paralysed. We explore how the Serb army launched brutal assaults across Croatia and Bosnia, committing acts of ethnic...

In this week’s episode, we dive headfirst into the economic storm clouds gathering over Ireland, and the urgent need to act before we get soaked. We explore how U.S. tariffs, Trumpian MAGA economics, and a Europe shrinking on the global stage all combine to put Ireland in the danger zone. We break it down simply: Trump’s $50 billion in new tariffs? Instead of hurting China, they’re taxing American...

In this episode, we dive headfirst into one of Europe’s most brutal and under-discussed chapters: the collapse of Yugoslavia. Live from Croatia, where the scars of that war still linger, and where, 30 years on, the economic, political, and human fallout continues to echo across the continent. We explore how hyperinflation, sparked by debt-fuelled mismanagement and ethnic tension, helped tear the c...

This week on the podcast, we take on the two biggest issues shaping our future: immigration and housing. We begin with the looming threat of U.S. tariffs, which could hit by August 1st. A 30% levy would be catastrophic for Ireland, the most open economy in the world, with nearly €600 billion in imports and exports annually. While China retaliates in unison, Europe squabbles over wine, cars, and Bi...

This week, we start with Oasis and end in Silicon Valley, via Tír na nÓg. We’re talking about the economics of  not dying , and how tech billionaires are pouring billions into that dream. From Oasis belting  Live Forever  to Irish mythology’s take on eternal youth, we ask: why are we so obsessed with dodging death? We explore the surreal story of Brian Johnson, the tech bro spending...

Trieste is a city that’s belonged to everyone, and no one. This week, we go walking through a place that’s been Austrian, Italian, Yugoslav, and, at one point, technically run by the United Nations. It's a port city without a hinterland, a European crossroads where empires once collided, and identities blurred. What if this strange, stateless city is actually a glimpse of the future? Trieste thriv...

After travelling through Montreal, Bilbao, and Vilnius, cities alive with colour, sound, and soul, I returned home and felt the contrast sharply. Dublin, like many cities across the developed world, feels hollowed out. Despite booming economic growth and over €150 billion sitting idle in savings accounts, our capital is crumbling. Streets are lifeless, dereliction is everywhere, and policy seems p...

Are we living through the death of innovation? We’re back in HQ asking a tough question: has culture stagnated, and if so, is economics to blame? We explore the twin juggernauts of our age: financialisation and tech. From Florence under the Medicis to Hollywood in 2023, we trace how once-risky bets on the new have been replaced by spreadsheets and streaming algorithms. In 2023, all of the top 10 h...

Has Israel just become the undisputed power in the Middle East? After a lightning-fast 12-day conflict, oil prices fell instead of spiking, Iran backed off with symbolic missile strikes (after giving the U.S. a heads-up), and Russia is suddenly too nostalgic about its expats in Tel Aviv to pick a side. We unpack how this war, short, sharp, and stunning, shifted the entire balance of power in the r...

  Live from a packed GAA hall at the Dalkey Book Festival, this episode tackles one of the wildest questions in economics: how did humans, flimsy, anxious apes, end up running the world, and why did we invent money to do it? We dig into the evolution of money as a collective hallucination hardwired into our psychology. Along the way, we unpack how 90% of dollars exist only digitally, how the...

In this powerful episode recorded at the Dalkey Book Festival, we sit down with Israeli historian Avi Shlaim, whose memoir  The Memoirs of an Arab Jew  weaves together the personal and political. Born in Baghdad and expelled to Israel, Shlaim dismantles the dominant Zionist narrative and shares a forgotten story: that of the Arab Jews, rooted in the Middle East for millennia, fluent in A...

Tensions in the Middle East are escalating, following Israel’s surprise attack on targets across Iran on Friday, and ensuing strikes between the two powers continued over the weekend. The Muslim world has often been accused of a failure to modernise and adapt. Christopher de Bellaigue disagrees and charts the forgotten story of the Islamic Enlightenment – the social movements, reforms and revoluti...

Forget Brussels, the first European Union was built by medieval merchants, not politicians. This week, we dive into the Hanseatic League: a loose alliance of 200 city-states that dominated trade across the Baltic and North Seas for 500 years. They pioneered free trade, built Europe’s first banking networks, and forged a multilateral model that still shapes today’s EU. Their story is also a warning...

When Jamie Dimon warns that the U.S. bond market could "crack," it’s time to listen. This week, we dive into America’s mounting debt crisis, with U.S. debt now surpassing $34 trillion, deficits running at $2 trillion a year, and interest payments exceeding military spending. We unpack how Trump’s tax cuts, tariffs, and spending splurges are pushing the system to breaking point, and why a bond mark...

We’re on the road again, this time reporting from Vilnius, Lithuania, in the heart of Europe’s  Bloodlands . Don’t be fooled by the history of war and trauma, this episode is all about how the Baltics are sprinting into the future. Estonia, with just 1.3 million people, has produced 10+ tech unicorns and collects 99% of its taxes online. Lithuania, home to 50,000 people living in Ireland, is...

Back home at HQ, we stretch our legs and dive into something huge hiding in plain sight: Ireland is now  the most educated country in the world . But what does that really mean? From the Inhaler gig in St. Anne's Park to the brilliance of Roddy Doyle and camogie skirts, this episode celebrates the often-overlooked power of the suburbs, not just as a creative hotbed, but as the epicentre of Ir...

We're back in Spain, and I’ve got questions. Why is Spain growing faster than Germany, France, and even the US? Why can they build high-speed rail for a fraction of the cost, and why are they the only major EU country where immigration is boosting GDP without blowing up politics? This week, we talk to Professor Joe Haslam in Madrid about what’s being called Europe’s miracle economy. Since COVID, S...

We're in Bilbao this week, and it’s got us thinking. How does a football club that refuses to sign non-Basque players manage to qualify for the Champions League, raking in close to €100 million from TV rights, match days, and UEFA money, while Dublin’s best bet is a few fivers from the Conference League? The answer is in economics. The Basques were Europe’s forgotten industrialists, the only regio...

This week, we’re keeping one eye on Wall Street and the other on a canal in Dublin. Moody’s just downgraded the United States' credit rating, a move that quietly confirms what most won’t say out loud: America’s debt-fuelled growth is unsustainable, and interest payments are now outpacing military spending. Meanwhile, back home, a row of cottages literally collapsed, not abandoned, but owned by the...

From wine valleys to White House stand-offs, we’re in South Africa as the continent’s biggest economy finds itself caught between China, Russia, and a sulking Uncle Sam. Reporting from Franschhoek, we trace the Huguenot legacy, the Dutch East India Company, and how South Africa became the West’s favourite refuelling stop, until now. With President “Cupcake” Ramaphosa headed to the White House this...

Trump is stealing Bernie’s manifesto. In this episode, we dive into why Trump is suddenly talking about taxing the rich and slashing the cost of prescription drugs, policies lifted straight from the progressive left. Is he turning on the billionaire donors funding his campaign? And is Israel, long a pet cause of those donors, being quietly edged out of Trump’s new MAGA calculus? We unpack a flurry...

This week I'm in South Africa on a book and speaking tour and am chatting at the Franschoek Literary Festival, so we are all South Africa today. A country of contradictions, rich in resources, vibrant in culture, yet S.A. is held back by inequality, corruption, and the long shadow of apartheid. In this episode, we explore its uneasy present and remarkable past: from Mandela’s legacy to Elon Musk’s...

Broadcast from a wine-soaked table in Italy’s Valle di Comino, ancestral home of Ireland’s chipper dynasties, this episode covers everything from Irish-Italian football matches and Elvis impersonators to the far more serious threat inflation poses to liberal democracy. We chat to political economist Mark Blyth about his new book Inflation: A Guide for Users and Losers, unpicking why prices stay st...

This week, we talk about the most unexpected political shift of the year, Canada’s sudden transformation into the liberal world’s new playbook. We unpack how Mark Carney, once a Davos technocrat, won an election by turning it into a referendum on Trump… and won big. Along the way, we explore nationalism (the decent kind), what Trump gets wrong about trade, and why standing up to bullies actually w...

This week, we take a breath. In a world spinning faster than a speedcubing final, we step away from bond yields and geopolitics and lean into something more human: imagination. We swap global crises for quiet joys, from a Rubik’s cube competition in Wicklow to the power of storytelling in uncertain times. As we always say, economics is about life and today we are joined by bestselling novelist Eli...