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Show Notes
The End of Alchemy (Mervyn King)
- Amazon USA Store: https://www.amazon.com/dp/B01GQNTC8K?tag=9natree-20
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- Apple Books: https://books.apple.com/us/audiobook/the-end-of-alchemy-money-banking-and-the/id1122161064?itsct=books_box_link&itscg=30200&ls=1&at=1001l3bAw&ct=9natree
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- Read more: https://english.9natree.com/read/B01GQNTC8K/
#bankcreatedmoney #liquiditymismatch #goldstandarddeflation #centralbankprisonerdilemma #PawnbrokerforAllSeasons #TheEndofAlchemy
The End of Alchemy: Money, Banking, and the Future of the Global Economy is Mervyn King’s analytical account of modern finance, written after his tenure as Governor of the Bank of England from 2003 to 2013. It is not a memoir of crisis management, although King draws on direct experience of the 2007-2008 financial crisis. The book belongs to the fields of monetary economics, financial history, and public policy, and its purpose is to explain why banking systems repeatedly become unstable despite regulation, central banking, and technical expertise. King uses the metaphor of alchemy to describe the transformation of risky, illiquid bank assets into money that depositors treat as safe and instantly available. He argues that this structure creates fragility at the heart of market economies. The book combines historical explanation, critique of economic thinking, and institutional reform proposals, aiming to show how money and banking can be redesigned without abandoning the productive role of finance.
- Amazon USA Store: https://www.amazon.com/dp/B01GQNTC8K?tag=9natree-20
- Amazon Worldwide Store: https://global.buys.trade/The-End-of-Alchemy-Mervyn-King.html
- Apple Books: https://books.apple.com/us/audiobook/the-end-of-alchemy-money-banking-and-the/id1122161064?itsct=books_box_link&itscg=30200&ls=1&at=1001l3bAw&ct=9natree
- eBay: https://www.ebay.com/sch/i.html?_nkw=The+End+of+Alchemy+Mervyn+King+&mkcid=1&mkrid=711-53200-19255-0&siteid=0&campid=5339060787&customid=9natree&toolid=10001&mkevt=1
- Read more: https://english.9natree.com/read/B01GQNTC8K/
#bankcreatedmoney #liquiditymismatch #goldstandarddeflation #centralbankprisonerdilemma #PawnbrokerforAllSeasons #TheEndofAlchemy
The End of Alchemy: Money, Banking, and the Future of the Global Economy is Mervyn King’s analytical account of modern finance, written after his tenure as Governor of the Bank of England from 2003 to 2013. It is not a memoir of crisis management, although King draws on direct experience of the 2007-2008 financial crisis. The book belongs to the fields of monetary economics, financial history, and public policy, and its purpose is to explain why banking systems repeatedly become unstable despite regulation, central banking, and technical expertise. King uses the metaphor of alchemy to describe the transformation of risky, illiquid bank assets into money that depositors treat as safe and instantly available. He argues that this structure creates fragility at the heart of market economies. The book combines historical explanation, critique of economic thinking, and institutional reform proposals, aiming to show how money and banking can be redesigned without abandoning the productive role of finance.
