At a time of “hot wars” across the globe, there’s also an ideological “cold war” featuring two foes: those who embrace freedom and those who oppress it. Michael McFaul, the Hoover Institution’s Peter and Helen Bing Senior Fellow and author of the newly released Autocrats vs. Democrats: China, America, Russia and the New Global Disorder, joins GoodFellows regulars John Cochrane and Lt. Gen. H.R. McMaster to discuss where he departs from the Trump administration on its approach to Russia and China (one autocracy economically dwarfing the other), his suggestions for course change, and why he holds “guarded” optimism for America’s future. After that: John and H.R. go “trick-or-treating”—weighing the pros (“treats”) and cons (“tricks”) of a new White House ballroom, a Chinese military purge, the latest inflation numbers and gold prices that no longer glitter, a CEO’s tariff worries, New York City on a non-hallowed eve of “democratic socialism,” plus a new and tougher American citizenship test (could Sir Niall Ferguson pass it?). Finally, as Halloween approaches, John and H.R. give us their go-to candies.

A hostage return and the signing of a cease-fire agreement signal a new chapter in the long-running dream of peace in the Middle East. Did it matter that the key negotiators, on the US side, were financiers and real-estate developers rather than scions of America’s diplomatic corps?

Russell Berman, a Hoover Institution senior fellow and codirector of Hoover’s Working Group on the Middle East and the Islamic World, joins GoodFellows regulars Niall Ferguson and John Cochrane to discuss the sturdiness of the Trump White House’s 20-point peace plan, the futures of Hamas and the Abraham Accords, the likelihood of Israeli Prime Minister Benjamin Netanyahu’s reliving Winston Churchill’s fate (a successful wartime leader rejected by a war-weary electorate), plus whether the “real estate-ism” approach to diplomacy is applicable to President Trump’s upcoming meetings with his Russian and Chinese counterparts.

After that, Niall and John reflect on the likelihood of a market crash (it is October, after all), the chances of a full-fledged tariff war with China, the merits of a US-Argentina currency swap, plus an ominous warning from the International Monetary Fund regarding global debt. Finally, the fellows salute the legendary economist Thomas Sowell, the subject of a Hoover Institution tribute later this month.

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One great power (China) has a relentless thirst to build that comes with a terrible human cost, while its main rival (America) is a more lawyerly and free society that’s prone to stifling ideas both good and bad. On the 76th anniversary of the founding of the People’s Republic of China, Dan Wang, a Hoover Institution research fellow and author of the bestseller Breakneck: China’s Quest to Engineer the Future, joins GoodFellows regulars Niall Ferguson and H.R. McMaster to discuss what the future holds for the two Cold War 2 rivals, plus Wang’s firsthand experiences witnessing China’s engineering boom and enduring its draconian pandemic policies. After that, the fellows weigh in on President Trump’s recent United Nations address and the state of that institution, the likelihood of Trump’s Gaza peace plan coming to fruition, the provision of long-range Tomahawk missiles to Ukraine, plus the merits of a US military strike inside Venezuela to counter narco-terrorism. In the lightning round: why America’s military brass gathered at Quantico; National Guard troops head to Portland, Oregon; Scotland’s frustration with illegal immigration; and the feasibility of the US regaining Afghanistan’s Bagram Air Base.

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