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If unexpected wars and oil shocks have been big features of recent history, so too are economic recessions – another downturn perhaps ahead in 2026. Tyler Goodspeed, a former Hoover Institution fellow and author of the forthcoming book, Recession: The Real Reasons Economies Shrink and What To Do About It, joins GoodFellows regulars Sir Niall Ferguson, John Cochrane, and Lt. Gen. H.R. McMaster for a tutorial on economic conditions and lessons past and present. After that: The three fellows discuss the latest in the Iran conflict including the feasibility of a peace agreement by week’s end as demanded by President Trump, the odds of land forces entering the equation in the near future, plus possible economic hardship ahead should the fighting linger. Finally, in the “lightning round”: why the late Stanford biologist Paul Erlich was so amiss in predicting a doomed planet (not unlike climate alarmists) and H.R.’s favorite Chuck Norris jokes in honor of the recent passing of the famed Hollywood tough guy.
Recorded on March 24, 2026.
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ABOUT GOODFELLOWS
GoodFellows: Conversations on Economics, History, and Geopolitics is a flagship videocast from the Hoover Institution. Senior fellows John Cochrane, Niall Ferguson, and H.R. McMaster cut through the noise, challenge conventional wisdom, and explain what’s driving markets, power, and public policy. Drawing on rigorous economic analysis, deep historical perspective, and national security leadership at the highest levels, these leading thinkers deliver clear, trusted insight into the challenges facing the United States while debating the forces shaping the modern world.
