Why Europe will be stronger without America

Advertising sponsor: Get access to global coverage at an exclusive 20% discount at https://economist.com/moneymacro Further reading mentioned in the video: America’s bullied allies need to toughen up: https://www.economist.com/leaders/202... Is Putin ready to accept a truce with Ukraine? https://www.economist.com/europe/2025... Ukraine’s embrace of drone warfare has paid off: https://www.economist.com/science-and... If you appreciate the research, consider buying me a 'coffee' at https://ko-fi.com/moneymacro or supporting long-term for membership benefits via Patreon:   / moneymacro   WANT AN IN-DEPTH INDUSTRIAL POLICY MASTERCLASS? △ https://school.moneymacro.net/p/indus... LIKE CHATTING ECON WITH ME? △ Follow me on Twitter:   / joerischasfoort   △ Follow me on LinkedIn:   / joeri-schasfoort   △ I have a private Discord server for Senior and Chief economist Patrons / members. SOURCES: I've linked my sources in the blog that goes along with this video. Links are in the text. https://www.moneymacro.rocks/2025-03-... Timestamps: 00:00 Intro 01:16 Macroeconomics 101 03:15 War economy trilemma 08:41 Why does Europe need a military threat 13:21 Discussion + conclusion 16:11 Sponsor Attribution: Music by Epidemic Sound: http://nebula.tv/epidemic Thank you to AP Archive for access to their archival footage. Stock footage and others clips by Getty Narrated and produced by Dr. Joeri Schasfoort