That doesn't sound right to me. I just read "The end of Alchemy" which goes through the history of our financial system and how it came to be and it doesn't so

That doesn't sound right to me. I just read "The end of Alchemy" which goes through the history of our financial system and how it came to be and it doesn't sound like we historically were any better off. So not sure exactly what they are referring to with regards to these narratives. Furthermore, I wouldn't agree that complex solutions are needed for complex problems unless we talk technically. A big part of the issues we are having is that the policies we do have are so complex that they can be used by those who have enough money to speculate and interpret against the intent of the laws. If anything we need simple rules and a system of ongoing interpretation on top which ensures that interpretations the law stay within the spirit of the law. Also it wasn't a long read at all :)