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GoodFellows: Conversations on Economics, History & Geopolitics

Trick or Treat? A Fight Between Good and Evil with Michael McFaul | GoodFellows | Hoover Institution

GoodFellows: Conversations on Economics, History & Geopolitics

Hoover Institution

News, News Commentary, News:news Commentary, Politics, Government

4.6 • 717 Ratings

🗓️ 29 October 2025

⏱️ 57 minutes

🧾️ Download transcript

Summary

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. Subscribe to GoodFellows for clarity on today’s biggest social, economic, and geostrategic shifts — only on GoodFellows.

Transcript

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0:00.0

It's Tuesday, October 28, 2025, and welcome back to Goodfellows at Hoover Institution

0:13.0

broadcast examining history, economics, and geopolitics, and a few other matters in the news.

0:18.3

I'm Bill Whalen, I'm a Hoover Distinguished Policy Fellow.

0:20.6

I'll be your moderator today, joined by two of my colleagues who we jokingly refer to as Goodfellows. That would be the economist John Cochran and former presidential national security advisor, Lieutenant General H.R. McMaster. Gentlemen, it's good to see you. Hey, great to see everybody. HR, especially good to see you. Your Philadelphia Philadelphia Phillies kind of unceremoniously exited from the playoffs, and you disappear from the show. I hope the two were not linked. Oh, my goodness. It throws it away. And the Dodgers have won. How do you not go to first? How do you not go to first? Okay, I don't want to talk about it.

0:54.6

Okay, we will talk about that.

0:56.4

We have a few weightier issues of baseball to get in today, a two-part show for you.

1:00.1

The second part of the show, we're going to go trick-or-treating. Let me explain that. I'm going to give you a series of issues and you're going to tell me whether they are tricks as in bad news or treats as in good news.

1:10.0

But first we're going to go to a topic

1:11.7

that's a little less seasonal here on this show, something we talk about year round. And that is

1:16.7

the Great Powers competition. And joining us for this discussion is our Hoover colleague Michael

1:20.5

McFall. Mike McFall is the Peter and Helen being senior fellow here at the Hoover

1:24.5

Institution, as well as a professor of political science and director and senior fellow at the Freeman Spogley Institute of it for International Studies at

1:31.5

Stanford University. From January 2012 to February 2014, Mike McFall served as a U.S. ambassador

1:37.0

in the Russian Federation. Before becoming ambassador, he served for three years as a special

1:41.3

assistant to the president and senior director for Russian and Eurasian Affairs at the National Security Council. He joins us today to talk about his latest book, literally hot off the presses as today is its release date, the book's title Autocrats v. Democrats, China, America, Russia, and the new global disorder. Mike, welcome back to Goodfellows, and thanks for joining us in your sleep-deprived state. I understand you're up to all hours watching that and sippin baseball game last night. Well, I couldn't make it to the end, but thanks for having me. I really appreciate it. My pleasure, Mike. We'll get to the book in a moment, but first, let's talk about the complicated relationship that is Donald Trump, Vladimir Putin, the United States, Russia, and Ukraine. Last week, Mike, there was supposed to be a summit in Budapest between Trump and Putin. It does not happen. The Treasury Department promptly sanctions two Russian oil companies. Now there's the ongoing question about whether or not Ukraine's going to get long-range tomahawk missiles. President Trump says no, saying it's too complicated to teach him how to fire them.

2:34.6

But NATO Secretary General says it's still in place.

2:37.1

So Mike, tell us what's coming next.

2:39.6

Well, first of all, I don't know.

2:41.5

And talking about President Trump with H.R. McMaster on the line, I'm going to defer to him.

2:46.5

He understands the president, our president, a lot better than I do.

2:50.1

I do know what I think is good

2:51.8

for America's national interests and is good for small D Democrats around the world, which is

...

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