Nvidia and Economic Espionage

Nvidia lost around $200 billion in market value in a single day this week after its CEO, Jensen Huang, disclosed having an affair with a woman who may have been a Chinese intelligence asset. The story has broader implications for the global economy. Adam and Cameron discuss. And an update regarding the Ones and Tooze live show in Berlin. It has been postponed to March 15, 2027. Our apologies for any inconvenience. Follow the link for details. https://www.eventbrite.com/e/ones-and-tooze-live-in-berlin-tickets-2003735342348 Learn more about your ad choices. Visit megaphone.fm/adchoices

We still have some tickets left for Adam and Cameron’s live taping of Ones and Tooze in Berlin on Nov. 10 at the Festsaal Kreuzberg. Get yours now: https://www.eventbrite.com/e/ones-and-tooze-live-in-berlin-tickets-2003735342348 This week on the show: What were the economic factors that drove the Democratic sweep in the U.S. congressional election this week? And how will that outcome affect the U.S. economy?  Also: the aftermath of Israel’s national election. Learn more about your ad choices. Visit megaphone.fm/adchoices

Economic grievances have driven protests across France during the past weeks, over everything from the rising cost of living to the housing crisis and the lack of funding for education. Adam and Cameron discuss. Also on the show: How Serbian students threw out strongman Aleksandar Vucic. ANNOUNCEMENT: Adam and Cameron will be doing a live taping of Ones and Tooze in Berlin on Nov. 10 at the Festsaal Kreuzberg. Tickets tend to sell out quickly for these events, so get yours now. https://www.eventbrite.com/e/ones-and-tooze-live-in-berlin-tickets-2003735342348 Learn more about your ad choices. Visit megaphone.fm/adchoices

Fraternities are so deeply embedded in the culture of American universities that even rape and sexual assault scandals like the one at Cornell University don’t seem to jeopardize their status. That’s in part because of their ubiquity. Across the country, there are some 6,000 fraternity chapters and 6 million alumni. Adam and Cameron examine the economics of fraternities as an institution. Also, this: Adam and Cameron will be doing a live taping of Ones and Tooze in Berlin on Nov. 10 at the Festsaal Kreuzberg. Tickets tend to sell out quickly for these events, so get your tickets now. https://www.eventbrite.com/e/ones-and-tooze-live-in-berlin-tickets-2003735342348 Learn more about your ad choices. Visit megaphone.fm/adchoices

This year’s Nobel Prize in economic sciences was awarded to two Americans, Michael Woodford and Robert Hall, for developing “new macroeconomic models that have significantly improved our ability to implement effective stabilisation policy.” Adam and Cameron discuss. Plus: the difference between neo-Keynesianism and new Keynesianism. Learn more about your ad choices. Visit megaphone.fm/adchoices

Diesel prices are hitting record highs, with the average price per gallon in the United States as high as $6.43 in late September. Adam and Cameron discuss the history of the fuel and the impact that the spike is having around the world. Learn more about your ad choices. Visit megaphone.fm/adchoices

The housing market in the United States is in gridlock these days, largely because of high interest rates. The average 30-year fixed mortgage rate is now above 7 percent, making it difficult for would-be first-time buyers to get into the market. Adam and Cameron discuss the broader implications for the U.S. economy. Also on the show: Brazil’s presidential election Learn more about your ad choices. Visit megaphone.fm/adchoices

Adam and Cameron discuss the newly released memoir of Francis Fukuyama, the American political scientist whose influential paper in 1989—which was later expanded into a book—posited that liberal democracy had won the world's ideological battle. The thesis was heralded as prescient when the Berlin wall fell a short time later but has been subjected to much criticism over the years. In the memoir, In the Realm of the Last Man, Fukuyama sets out to account for events that have transpired since 1989. Learn more about your ad choices. Visit megaphone.fm/adchoices

The head of Anthropic last week called on the U.S. government to regulate AI companies to avoid catastrophic outcomes. But, as Adam and Cameron point out, the conversation itself raises broader questions about the structure of the AI marketplace, the efficacy of existing liability laws, and the very nature of capitalism. Learn more about your ad choices. Visit megaphone.fm/adchoices

The far-right Alternative for Germany’s recent landslide victory in a small state in eastern Germany is part of a broader political story unfolding across Europe. It is also—and perhaps primarily—an economic story. Learn more about your ad choices. Visit megaphone.fm/adchoices