Gillian Tett

And what does the study of scapegoating reveal about today? This is a story of money, the spooky story of money.

I'm Gillian Tett.

And I'm Robin Wigglesworth.

And to dig into this story, we're joined by Emily Oster.

And if you do like the show, or even if you don't, please leave us a review, a comment, spread the word.

And I'm Robin Wigglesworth.

And I'm Gillian Tett.

And we'll see you back here again next week.

I lead our finance blog called Alphaville.

I'm also the co-host of a financial history podcast I do with my colleague Gillian Tett called The Story of Money.

And I've written a book called A Fabulous Debt, which is a history of the bond market.

It's really history of how bonds have shaped the modern world in ways that most people don't really realize because they think wrongly that bonds are boring, but they're the awesome part of finance.

I hadn't thought of, yes, I mean, I think it does.

I mean, so we have this financial history podcast at the FT called The Story of Money, which I do with Gillian Tett.

And when we're working on the project, the jokey working title was This Has All Happened Before.

It's the old Mark Twain quote, the history doesn't rhyme, it doesn't repeat, but it does rhyme.

We're gonna dig into what is driving this unrest and where it all goes from here.

Gillian Tett joins us on the other side.

You're watching Money, Power, Politics.

Protests turned into riots in France this weekend after more than half a million people joined anti-government demonstrations.

They're, they're afraid, and they just don't understand how the government lost control of the situation here.

Ines, thank you.

Let's bring in Gillian Tett, a columnist and member of the Financial Times Ed Board.

Gillian, France is no stranger to protests, but this, how did they get so charged at this moment?

And I think in fairness, COVID was really responsible.

Okay, before we go to your next chart, let's bring in right now columnist and member of the editorial board of the Financial Times, Gillian Tett.

Gillian, uh, you've been really digging in deep, studying, uh, not only inflation, but also looking at the overall wealth and health of the economy.

You know, it wasn't so long ago that the S&P 500 was, like, the 500 best stocks.

Maybe he's right, but if he's not, that's gonna create yet another nasty headache for the next president of America.

Did Arthur Laffer drive- draw that curve for him? Maybe so.

Columnist for Financial Times, Gillian Tett, we always love having you on the show.

Thank you so much.

There's a lot of other stuff to discuss.

I want to talk next week on our next podcast about Gillian Tett's piece in the Financial Times today.

And I know you want to talk about a piece by Martin Wolf about the world economy.

So hopefully that will hold until early next week.

Yeah.

We had, uh, we had Gillian Tett on the show.

Gillian Tett is a columnist for the Financial Times, but a trained anthropologist.

And, you know, she went to [clears throat] study, uh, wedding rituals in Tajikistan, um, and that was her, like, sort of research experiment.

And then she went to work at the Financial Times and applied the same method to, uh, to stockbrokers, uh, in advance of the financial crisis of 2008 to predict it better than other people.

... yeah.

[upbeat music] Hello, and welcome to a live recording with an audience of The Story of Money, the FT's financial history show, with me, Gillian Tett-

And me, Robin Wigglesworth.

We are here with you now in New York City, and thank you all for being here today.

So thank you so much, Robin.

Really fascinating discussion, and if you enjoyed it, and I hope you did, please remember to, one, subscribe to the show, two, tell everyone else about it and urge them to listen to it as well, and three, do please leave us a review, hopefully with five stars and a thumbs up, but whatever you feel like, and it really helps us to spread the word.

So I'm Gillian Tett.

And I'm Robin Wigglesworth.