![]() ![]() REIT magazine interviewed King about the events that led up to thefinancial crisis, the hubris of economists, war games with the FederalReserve and more. He concludes that reforms to the banking system are needed to put an end to the kind of “financial alchemy” that dominated the sector leading up to the crisis. In his book “The End of Alchemy: Money, Bankingand the Future of the Global Economy,” released earlier this year, King recounts his experiences during the worldwide financial panic through the lens of lessons learned from the crisis. Mervyn King served as governor of the Bank of England from2003 to 2013. ![]() Not a voodoo curse or sleight of hand, but the same kind of thinking that once led people to believe they could turn iron into gold. ![]() It was magic that felled the global economy in the late 2000s, according to the man in charge of England’s central bank at the time. ![]()
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