Martin Vander Weyer

‘The Audacity of Pessimism’

The End of Alchemy: Money, Banking and the Future of the Global Economy

By Mervyn King

Little, Brown 430pp £25 order from our bookshop

I once committed a minor breach of journalistic etiquette by revealing, in The Spectator, that I had twice lunched à deux with Mervyn King in his private dining room when he was governor of the Bank of England. I did not, of course, go so far as to spill the beans on anything he actually said. My purpose was solely to create a cameo of him as the rather lonely professorial figure he was, immured in the forbidding edifice of the bank; condemned forever, as it seemed then, to deliver lofty tutorials to politicians, bankers and journalists who were either unwilling to see or incapable of understanding his vision of the monetary world.

Sara Stewart


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