As a Canadian economist who once served as the Governor of the Bank of England, Mark Carney has had many occasions to reflect on the importance of values. Whether it\u2019s ingratiating himself as a public servant in a foreign country, managing a central bank, or addressing climate change, he\u2019s seen the power of shared objectives and the importance of value alignment in addressing critical and complex problems. As the global economy attempts to recover from the COVID-19 pandemic, Carney has published these lessons in a new book, Values: Building a Better World for All.
In this special bonus episode, Mark joined Tyler to discuss why he went into economics instead of marine biology, the temperamental differences between ice hockey goalies and central bankers, why it\u2019s important that central bankers plan for failure, what he learned from his father\u2019s work with indigenous Canadians, how growing up near Alberta\u2019s tar sands made him understand the power of the market, the biggest misconception people have about Goldman Sachs, how he established trust as a public servant in a foreign country, his advice for public speaking, why he prefers to speak early during large meetings, the validity of liquidity trap theories, the changes he\u2019d make to the federal reserve governance structure, the greatest challenge of running a central bank, potential regulatory strategies for central bank digital currencies, how decentralized finance (DeFi) should be regulated, how central banks should address potential risks caused by climate change, what went wrong with Canada\u2019s response to COVID-19, why there seems to be little populism in Canada, the future of the Toronto Raptors, where to find the best food in Canada, the best Clash album, the causes of the UK productivity slowdown, the most surprising thing he learned while writing his new book, his predictions for the future global economy post- COVID, and more.
Read a\xa0full transcript\xa0enhanced with helpful links, or watch the\xa0full video.
Recorded May 21st, 2021
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Photo credit: Toby Madden