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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...


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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