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What happens when banking becomes alchemy?

If that is the case, then should we be worried?

Lord Mervyn King is the former governor of the Bank of England and he watched the 2008 collapse with both eyes wide open. He says we’re not out of the woods yet and a lot of that has to do with the alchemy within our economy.

King writes about this in The End of Alchemy: Money, Banking, and the Future of the Global Economy. 

Click the audio player above to listen to Kai’s interview with Lord Mervyn

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