# Lord Mervyn King discusses how to make banking safer, from his book, "The End of Alchemy"

1 Faculty News April 6, 2016 ![ABC Online logo](/sites/default/files/styles/246w/public/assets/images/con_042219.jpg?itok=fA6yLEvN)>

Excerpt from [ABC.net](https://radio.abc.net.au/programitem/pgXK6DoAPG?play=true) -- "What I find odd about the present situation is that having controlled inflation and got away from the world in which we had 15%, 20% inflation, now people are getting paranoid about the fact that inflation is instead of being 2% is maybe only 1. Or horror of all horrors, it's 0. And this is a disaster in some sense. Now I find this utterly incompatible with the original intention of inflation targeting."

[Read more](https://radio.abc.net.au/programitem/pgXK6DoAPG?play=true)