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Impolitic with John Heilemann

Zanny Minton Beddoes: Trump as Closet Socialist, Midterm Madness, & The Looming Oil Supply Shock

Impolitic with John Heilemann

Audacy | Puck

News, Politics

4.84.5K Ratings

🗓️ 27 April 2026

⏱️ 59 minutes

🧾️ Download transcript

Summary

John welcomes The Economist's editor-in-chief, Zanny Minton Beddoes, to discuss the economic fallout from the war in Iran, her magazine’s midterm election special issue, and more. Zanny outlines the scale of the coming global oil supply shock due to the two-month closure of the Strait of Hormuz; why the U.S. stock market has remained buoyant regardless; whether Kevin Warsh will be an independent Fed chair or a toady to Donald Trump; and the prospects that Trump will succeed in interfering with the midterms. To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

Transcript

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0:00.0

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0:36.8

Aloha, namaste and welcome to Impolitic with John Heilman, a puck and Odyssey joint.

0:41.7

And today we have with us someone I have known for a very long time, having first met her when we were both graduate students at the very end of 1980s at the Kennedy School of Government at Harvard.

0:52.7

From the jump, this woman was self-evidently destined for big things,

0:57.6

almost as self-evidently as I was headed for a jail cell.

1:01.4

Somehow, some way, however inexplicably,

1:04.2

I managed to dodge the fate, written to the stars for me,

1:07.5

whereas Zanny Mittenbadows very quickly began her rocket ride to glory.

1:12.1

Immediately after finishing her study, she went to work for the famed economist Jeffrey Sachs.

1:16.6

As part of a small team advising the finance minister of Poland, as that country made its transition to capitalism,

1:22.5

then spent a couple of years working for the IMF on macroeconomic adjustment programs in central and eastern Europe, as well as Africa.

1:30.2

Then in 1994, Zani and I found ourselves again under the same roof when she joined the Economist magazine

1:35.5

as its emerging markets correspondent. And while I soon left those Howard Halls, Zanee not only

1:41.3

stuck around, but began a rapid assent to economics editor just two years

1:46.1

later, then business affairs editor a little while after that, and finally, to the top of

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