National pride often comes from shared heritage—like a common language or ethnic background. Religious Nationalism can be seen in historical Russia, where being part of the Orthodox Church was considered key to being Russian, even if you spoke a different language, whereas Ethnic Nationalism is like modern Mongolia, where having the same Mongol background is what counts as national identity, even if people follow different faiths.—but for the small nation of Uruguay, that feeling of unity was forged not in a parliament, but on a soccer pitch. When the Uruguayan national team, La Celeste, stunned the world by winning the 1924 Paris Olympics, it was more than just a sports victory. That triumph created a profound, shared, and globally recognized national identity, transforming the soccer team into a powerful symbol that helped bond the country together in a way politics had struggled to achieve.

Soccer’s ability to literally bring nations into existence has only grown with the growth and spread of the World Cup. Since 1930, the World Cup has become a truly global obsession. It is the most watched sporting event on the planet, and 211 teams competed to make it into the 2022 tournament. From its inception, it has also been a vehicle for far more than soccer. A tool for self-mythologizing and influence-peddling, The World Cup has played a crucial role in nation-building, and continues to, as countries negotiate their positions in a globalized world.

Today’s guest is Jonathan Wilson, author of “The Power and the Glory: A History of the World Cup.” We look at history of the matches and goals, the tales of scandal and triumph, the haggling and skulduggery of the bidding process, and the political and cultural tides behind every tournament. Jonathan Wilson details not merely what happened but why, based on fresh interviews and meticulous research. The book is as much about the legends of the sport, from Pelé to Messi, as it is about the nations that made them, from Mussolini’s Italy to partitioned Germany to controversy-ridden Qatar.

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The wind-powered sawmill was invented around 1592 in the Netherlands, immediately transforming the nature of labor and industry. This mechanical marvel replaced slow, muscle-powered sawyers, allowing timber to be cut for shipbuilding and construction up to 30 times faster than manual labor, radically lowering the cost of wood products. It used a crankshaft to convert the windmill's rotating motion into the linear, up-and-down movement required for sawing wood, essentially creating an early, powerful assembly line factory. This mechanization allowed for unprecedented, rapid timber production, which quickly made the Dutch rich and enabled the massive expansion of their global fleet and construction projects.

This invention, whose significance has been overlooked, has been researched by today’s guest, Jaime Davila, author of “Forgotten: How One Man Unlocked the Modern World.”

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We have paper money today because it functioned as an IOU, certifying that the holder could redeem it for an equivalent amount of physical gold or silver from the bank's vault. That’s where the English pound got its name as it matched a specific weight of gold (or silver). This was the gold standard, and this is how banks operated for centuries. But it was largely abandoned after World War I, when governments prevented the withdrawal of gold by suspending the convertibility of their paper money into gold to conserve national gold reserves for purchasing vital war supplies and to allow central banks to print money for financing massive military expenditures. Governments abandoned linking their money to anything at all, giving central banks full control over the money supply. Printing money has led to inflation, national debt, and financial instability, which ultimately fueled the creation of cryptocurrency like Bitcoin as a decentralized, mathematically-scarce alternative.

What if things hadn’t happened this way? What if the gold standard survived the Great War? Today’s guest, Saifedean Ammous , imagines this scenario in his new book The Gold Standard: An Alternate Economic History of the 20th Century.” The story begins with a fictional divergence in 1911: French aviation pioneer Louis Blériot partners with the Wright brothers to create the Blériot Transport Corporation (BTC), an airplane-based, peer-to-peer gold-settlement network. This innovative system quickly becomes a secure alternative to central banks. When World War I starts, the BTC offers Europeans a way to export their wealth to neutral countries, escaping central bank war inflation. This triggers a global financial panic in September 1915, bankrupting the world's central banks, abruptly ending the war, and strangling fiat money in its cradle. With the collapse of central banking and the establishment of a free-market, decentralized gold standard, a radically different 20th century unfolds. Hard-money savings become plentiful and cheap, accelerating technological progress, increasing energy production, and fostering a world of appreciating money and declining prices.

Without the ability to print money to fund expansive projects, governments become more accountable, transforming into mere service providers whose citizens expect better service at a lower cost. This thought-provoking narrative suggests that the absence of central bank financing could have prevented major 20th-century conflicts, eliminated chronic inflation, and ushered in a "Century of Affluence" based on lower time preference, long-term investment, and voluntary governance.

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