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The Story of Money

Financial Times
Donald Trump
China
Private Equity
Artificial Intelligence
Financial Times
Federal Reserve
US Economy
Elon Musk
Electric Vehicles
Tariffs
Berkshire Hathaway
Northvolt
Palantir Technologies
Mergers and Acquisitions
Investment
Islamic Banking
KKR
Blackstone
Warren Buffett
Indian Stock Market

FT columnist Gillian Tett and FT Alphaville editor Robin Wigglesworth dig into the ideas, personalities and institutions that have shaped the history of finance.

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

PublishesWeeklyEpisodes325Founded8 years ago
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BusinessNews

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Artwork for The Story of Money

Latest Episodes

Take 730 delegates from 44 countries, plus another 2,000 or so hangers-on. House them in a remote, dilapidated hotel with holes in the roof and broken furniture. Deliver a train wagon filled with alcohol. Throw in some Russian spies, German prisoners... more

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What is money? And what can a small island in Micronesia teach us about how it works? On Yap, a remote island in the western Pacific, giant calcite “Rai” stones once functioned as currency, where ownership and collective trust — rather than physical ... more

In 19th-century America almost anyone could print their own money – and many did. One of the most notable figures to take this up was a man named James Brown, a charismatic conman who built a fortune producing fake banknotes. In this episode of The S... more

Every now and then a new technology comes along that changes everything – electricity, computers, potentially AI. In mid-19th-century America, that technology was the steam locomotive. It knitted the US economy together, driving the nation’s industri... more

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Recent Guests

Ed Conway
Economics editor, Sky News; author of The Summit
Sky News
Episode: The deal that put the dollar at the centre of the world
Felix Martin
Macro-economist and author of Money, The Unauthorised Biography
Episode: Why money is the biggest shared hallucination in human history
Stephen Mihm
Professor of History, University of Georgia; Bloomberg columnist; author of A Nation of Counterfeiters, Capitalists, Conmen and the Making of the United States
University of Georgia / Bloomberg / Author
Episode: When money went rogue: banking in 19th-century frontier America
Toby Nangle
Reporter for FT Alphaville, colleague of Gillian
FT Alphaville
Episode: They are history’s geniuses. But were they any good at investing?
Amanda Podany
Professor of History, California State University Pomona; NYU research affiliate
California State University Pomona; NYU
Episode: How ancient Mesopotamians solved runaway debt
William Haylor
Executive of an advisory firm based in Nebraska who testified in Byju's case
Rose Lake (as described in testimony)
Episode: Finale: The collapse of India’s $22bn tech star
Antoine Gara
FT USPE and deals editor
Financial Times
Episode: Private credit’s public reckoning
Eric Platt
US investment editor
Financial Times
Episode: Private credit’s public reckoning
Leslie Hook
FT natural resources editor
Financial Times
Episode: Best of: How the diamond industry lost its sparkle

Host

Michela Tindera
Host of Behind the Money

Reviews

4.6 out of 5 stars from 1.1k ratings
  • Very enjoyable

    Thank you for this podcast. I’m learning some very interesting history. Well done!

    Apple Podcasts
    5
    Jejimalada
    United States18 days ago
  • A Sad Adieu

    Shocked to read that this podcast is ending. As others have said, it has been great. Very sorry and will miss it

    Apple Podcasts
    5
    CaityC
    United States2 months ago
  • 6 stars

    6 stars

    Apple Podcasts
    5
    set2210
    United States3 months ago
  • Focus on Fidelity

    The program on Fidelity was interesting. Unfortunately, the presenters did not discuss how Fidelity is likely to address the problems and challenges of selling private equity assets to retail investors and 401k account holders. The issues associated with private equity assets are frequently highlighted in the Financial Times! This foray into the private equity world is not going to end well. A brief mention should have been made about the potential dangers of private equity assets. Similarly, ho... more

    Apple Podcasts
    3
    ram645
    United States5 months ago
  • Not bad, but superficial

    In almost 30 minutes of discussion about OpenAI no one discussed the obvious. For OpenAI to massively grow revenue they have to stay in the lead. Anthropic, Google, xAI, and even Deepseek will have something to say about that. OpenAIs lead has dwindled, the gap between commercial and freely available AI models has closed, and many competitors have healthy cash flow already.

    Apple Podcasts
    3
    HPonFI
    United States5 months ago

Listeners Say

Key themes from listener reviews, highlighting what works and what could be improved about the show.

Listeners praise the host's clarity and strong reporting, and appreciate deep dives into financial topics.
Some feedback notes speech/presentation style as a factor for listenability, with mixed reactions to pacing and delivery.

Chart Rankings

How this podcast ranks in the Apple Podcasts, Spotify and YouTube charts.

Spotify
#38
United Kingdom/Business
Apple Podcasts
#14
United Kingdom/Business
Apple Podcasts
#190
Canada/Business
Apple Podcasts
#82
Germany/Business
Apple Podcasts
#112
Australia/Business
Apple Podcasts
#138
France/Business

Talking Points

Recent interactions between the hosts and their guests.

The deal that put the dollar at the centre of the world
Q: Did they try to thrash out their differences at all before Bretton Woods, or was this the first clear clash between Keynes and White?
There were years of meetings and negotiations where Keynes and White repeatedly confronted each other, with White pushing a more incremental, dollar-centered plan and Keynes advocating more radical, institutionally transformative ideas. Bretton Woods emerged from this ongoing tension, with White's framework ultimately taking precedence, though Keynes remained a powerful influence until the end.
The deal that put the dollar at the centre of the world
Q: Before we get to the White plan, can you tell us what were the key points of Keynes' plan?
Keynes proposed a central international clearing system with a new currency called Bancor, designed to ensure symmetrical adjustment of deficits and surpluses. His idea emphasized a global currency and a central instrument to help manage exchange-rate stability, aiming to prevent the kind of monetary breakdown that preceded World War II.
Why money is the biggest shared hallucination in human history
Q: What do Yap's stories teach us about the conventional wisdom that money evolves from barter and the role of credit?
Yap demonstrates that money often starts with credit and social trust, and that the tokens used to represent value are flexible, highlighting that money's core is the network of credits and debts rather than any particular physical token.
Why money is the biggest shared hallucination in human history
Q: So, Felix, can you tell us what the stone currency on Yap looked like and how it functioned in practice?
The Rai stones were not a portable currency; people kept them as property or as markers of wealth and would only move them in significant transactions, functioning as a social ledger rather than a physical medium of exchange.
How ancient Mesopotamians solved runaway debt
Q: What did daily life look like in Mesopotamia's economy, and how did debt fit into it?
Most people worked in agriculture or related trades; rents, taxes, and debt tied into the palace and temple estates. Debts arose when people borrowed to cover harvest shortfalls, with the system often using intermediaries who converted grain into silver for tax collection.

Audience Metrics

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Frequently Asked Questions About The Story of Money

What is The Story of Money about and what kind of topics does it cover?

This show delivers in-depth discussions on finance, markets, regulation, and economic policy, driven by FT-scale reporting and high-profile guests. Episodes frequently cover corporate finance, regulatory changes, and strategic moves in asset management and banking, often tying these topics to real-world headlines and broader economic trends. Listeners tend to value thoughtful analysis, clear storytelling around complex financial topics, and access to candid insights from industry leaders and policy experts. A notable strength is its ability to connect sharp financial journalism with explainable context for a broad audience, while guests—from industry insiders to renowned economists and whistleblower advocates—help illuminate how money and p... more

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Which podcasts are similar to The Story of Money?

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1. Unhedged
2. The Economics Show
3. FT News Briefing
4. FT Tech Tonic
5. The Rachman Review

How many episodes of The Story of Money are there?

The Story of Money launched 8 years ago and published 325 episodes to date. You can find more information about this podcast including rankings, audience demographics and engagement in our podcast database.

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What guests have appeared on The Story of Money?

Recent guests on The Story of Money include:

1. Ed Conway
2. Felix Martin
3. Stephen Mihm
4. Toby Nangle
5. Amanda Podany
6. William Haylor
7. Antoine Gara
8. Eric Platt

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