The Econoclasts is a new podcast from UnHerd hosted by economist Yanis Varoufakis and journalist Wolfgang Munchau. While they don’t always agree politically, they are united in one conviction: the consensus is rotten. Mainstream economics has consistently failed to predict the events that shape our world, yet this broken orthodoxy still dominates policy and media. Each week, they choose two pillars of the established orthodoxy — the “settled facts” — and shatter them, cutting through the spin to connect the dots between money, geopolitics, and the real forces shaping our future.
Curated by: UnHerd (58 videos)
🔗Thirty years of saving for retirement shouldn’t depend on one market cycle. Augusta Precious Metals has created a free guide explaining how Gold IRAs work and how physical gold can be held inside certain retirement accounts. Learn more at LearnGoldIra: http://learngoldira.com/ or text UNHERD to 35052 to receive the guide. 📰 Subscribe to UnHerd today at: https://bit.ly/4cfaeH0 In this episode of The Econoclasts, Yanis Varoufakis and Wolfgang Munchau dismantle the orthodoxies surrounding the Iran war and Hungarian election by arguing that Donald Trump’s "blockade of the blockade" in the Strait of Hormuz is less a repeat of the 1956 Suez crisis than a catalyst for a new electro-economy and a non-dollar financial architecture, while simultaneously warning that the landslide victory of Péter Magyar over Viktor Orbán is not the liberal restoration the West is celebrating, but rather the replacement of one right wing leader with a fresh face of the same illiberal nationalism. Watch it on the UnHerd website: https://unherd.com/watch-listen/the-iran-shock-is-bigger-than-you-think/ Listen to the podcast: https://plnk.to/unherd?to=page Advertise on UnHerd @ zoe.white@unherd.com Follow UnHerd on social media: Twitter: https://twitter.com/unherd Facebook: https://www.facebook.com/unherd/ Instagram: https://www.instagram.com/unherd/ TikTok: https://www.tiktok.com/@unherdtv //TIMECODES// 00:00 - 01:04 - Intro 01:04 - 02:07 - Today’s topics 02:50 - 04:01 - Sponsor: Augusta Precious Metals 04:01 - 06:04 - Suez 1956 vs Hormuz 2026 06:04 - 12:13 - Dollar hegemony and emerging alternatives 12:13 - 16:48 - Trump’s “blockade of the blockade” and oil shock 16:48 - 19:18 - Bolton’s idea and costs to West vs Iran 19:18 - 26:28 - Orban vs Magyar: what really changed in Hungary 26:28 - 30:26 - How Budapest “milks” Brussels and EU crisis 30:26 - 34:05 - Liberal celebrations and Europe’s structural flaws 34:05 - 35:46 - Greece, rule of law and EU hypocrisy 35:46 - 36:11 - Outro #UnHerd #IranWar #ViktorOrban