PO

Political Fix

Financial Times

Introducing: The Story of Money

Apr 29, 20261 min
Summary

In this introductory episode of Political Fix, hosts Gillian Tett and Robin Wigglesworth unveil their new project, The Story of Money. They argue that understanding the history of finance is essential to navigating the economic challenges of the modern world. By examining historical precedents, the hosts demonstrate that current financial phenomena are often cyclical rather than unprecedented. The conversation traverses fascinating historical ground, ranging from the unpredictable wildcat banks of the American frontier to the ancient practice of debt jubilees under rulers like Hammurabi. These examples serve as a backdrop for the central premise of the series: that human behavior and market dynamics have remained remarkably consistent over centuries. Whether the topic is the rise of speculative bubbles driven by emerging technologies or the inevitable fallout of market crashes, the hosts emphasize that the past provides the ultimate roadmap for the future. Listeners are invited to explore how these deep-seated forces continue to shape contemporary finance, with the promise that a better grasp of historical lessons is the most effective way to protect one’s assets and understand the global economic landscape.

Updated May 19, 2026

About This Episode

The economist John Kenneth Galbraith once quipped that “there can be few fields of human endeavour in which history counts for so little as in the world of finance.” This show sets out to prove the opposite. Each week, FT columnist Gillian Tett and FT Alphaville editor Robin Wigglesworth dig into the ideas, personalities and institutions that have shaped global finance. 


From unregulated banking in 19th-century frontier America to institutionalised debt jubilees in ancient Mesopotamia, and from the birth of credit derivatives to the great market meltdowns of the past, Robin and Gillian uncover the story of money because time and again, the same manias and mistakes resurface. Tune in and you might just understand where the next financial opportunities and disasters could be hiding. 


Subscribe to The Story of Money wherever you get your podcasts and watch the show on YouTube


Learn more about the show at ft.com/tsom and find out more about Gillian Tett here and Robin Wigglesworth here


Follow FT Alphaville here


Hosts: Gillian Tett and Robin Wigglesworth 


Producer: Lulu Smyth 


Senior Producer: Michela Tindera 


Executive Producers: Flo Phillips and Manuela Saragosa 


Original music and sound engineering: Breen Turner 


Podcast Development: Laura Clarke 


Global Head of Audio: Cheryl Brumley



Hosted on Acast. See acast.com/privacy for more information.

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