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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As a seemingly interminable conflict in Ukraine concludes its 43rd month of ground combat, aerial drone strikes, and stalemate, America’s culture war enters a new phase with the assassination of conservative activist and Turning Point USA founder Charlie Kirk, followed by the suspension of late-night television host Jimmy Kimmel for an on-air comment made in the aftermath of Kirk’s murder. GoodFellows regulars Niall Ferguson, John Cochrane, and H.R. McMaster discuss the current state of affairs in Ukraine (Sir Niall fresh off a visit to Kyiv), Kirk’s murder as a watershed moment in a potential new cycle of political violence, plus whether America has reached a tipping point regarding free speech and government meddling for partisan benefit (our resident “grumpy economist” calling for the elimination of the Federal Communications Commission). Finally, a little sunshine (as in the Sundance Kid): the three fellows offering their favorite Robert Redford movies in honor of the recently deceased (and Scottish?) screen legend.

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Is Indian Prime Minister Narendra Modi’s embrace of his Russian and Chinese peers a mere signal of his displeasure with American tariff policy, or the beginning of a deeper geopolitical realignment? Hoover senior fellows Niall Ferguson, John Cochrane, and H.R. McMaster discuss the significance of Modi’s summitry with Vladimir Putin and Xi Jinping. This leads into a broader conversation about Ukraine’s durability (with Niall soon to visit Kyiv), as its conflict with Russia becomes a predominantly drone war. Also discussed: the question of power-wielding in Washington—the American president derided as a modern-day fascist for his use of executive authority; the differences between Trump Derangement Syndrome in the past versus the present; the Federal Reserve’s independence (and sprawl); plus the merits of the federal government taking a 10% equity stake in chip manufacturer Intel. Finally, some bad news for our London fans: While the GoodFellows will be gathering in the UK’s capital city, there are no plans for a rooftop concert à la the Beatles atop their Apple Corps building.

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What inspires a young boy to dream about a career in the US Army and then, after graduating from West Point, manage to prepare for—and survive—combat? In a “solo” installment of GoodFellows, Lt. Gen. H.R. McMaster, Hoover’s Fouad and Michelle Ajami Senior Fellow, a former national security advisor to the president, and a highly honored combat veteran, discusses his childhood in Philadelphia, the inspiring figures he encountered during his Army years, his roundabout journey to becoming an armor officer, lessons from tank battles in the Middle East, and the importance of faith. He also describes a post-service life in California, where, ironically, an Army man makes sense of world affairs while chillaxing on a paddleboard. Also joining the show: Katie McMaster, who recounts how she and her husband met (it was love at first sight), the challenges of being a military spouse, the day H.R. said goodbye to his head of hair (he shaved his head at her insistence), plus her ongoing campaign to spare her Orange County neighbors from the blare of H.R.’s favorite tunes.

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What to expect from this week’s Putin–Trump summit in Alaska? Hoover Institution Director and former US Secretary of State Condoleezza Rice—no stranger, she, to engaging in statecraft with Russia’s enigmatic president—joins GoodFellows regulars Niall Ferguson, John Cochrane, and H.R. McMaster for a spirited conversation about Vladimir Putin’s motives (is the summit only for domestic Russian consumption?), how to characterize the present US-Sino competition (Secretary Rice tossing cold water on “Cold War 2”), plus the sensibility of the Trump administration’s threats to withhold federal research funds from leading universities in order to change campus cultures. Following that, Sir Niall recounts his recent sit-down with Argentinian president Javier Milei (is that nation’s “vibe shift” real or contrived?); and tariff-agnostic John Cochrane assesses the progress of the Trump administration’s ever-evolving trade strategy. Finally, the three panelists discuss the recent 80th anniversary of the only wartime use of atomic weapons and the importance of its annual remembrance.

How does a young Scotsman go from struggling actor and failed politician to internationally acclaimed (and knighted) historian? In a solo installment of GoodFellows, Sir Niall Ferguson, Hoover’s Milbank Family Senior Fellow, discusses his academic journey, fellow historians he admires, keys to successfully multi-tasking through life, plus how he and his spouse, Hoover Research Fellow Ayaan Hirsi Ali (who also appears in this episode), are raising their two sons. Also discussed: Sir Niall’s newfound passion for sailing, his non-Scottish attitude toward golf and fishing, why he doesn’t see retirement as a viable lifestyle, plus the pride he takes in a music legend recently lauding him as the “Jimi Hendrix” of his profession.

Recorded on July 30, 2025.

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