Gillian Tett

speaker

1,226 appearances 12 recordings 1 series first heard May 2026 last heard 2 Sep

Gillian Tett’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months

Recordings per month over the last 12 months — 12 in all, peaking in Jul 2026 with 4.

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The Story of Money · When Nixon put America first and took the dollar off gold · 10 Jun 2026 podcast

But everyone else is on the helicopter or in a sedan. matched

And what's striking is that they were really experienced, um, both in domestic economic matters and political matters, but also the global economy. matched

Which is a bit different to where we are today with the current administration, isn't it? matched

I matched

So if this was a movie, we'd have lots of spooky dramatic music at this point with this cast of characters. matched

I don't know if anyone has made a movie about this. matched

Exactly. matched

Um, two of the characters, Paul Volcker and John Connolly, have turned up with a big dossier with them. matched

Um, what's in that dossier? matched

So in terms of what that meant for actually tackling the dollar crisis, what was actually the specific matched

And just to clarify, that was a ten percent tax on their exports coming into America. matched

So ten percent tax on American imports. matched

Exactly. matched

Across the board, matched

The key thing is that they weren't trying to smash up the Bretton Wood system per se. matched

They actually thought that they were trying to keep it going. matched

Um, but what's very clear is that they had no chance of doing that unless they actually tackled some of the underlying imbalances which had created all these strains and stresses in the first place. matched

So matched

In the last episode we talked about how the US government was trying to, you know, curb its spending and get inflation back under control. matched

What did Paul Volcker actually have to offer in terms of ideas about matched

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