When i was learning how to give speeches, one thing i would say is that you need to go overthe multiple times. You need to give the speech in order to understand howa practice giving the speech. I think gordon brown, who i had occasion to see on a numberf g seven g 20, when i was a deputy governor,. In terms of policy makers, he has an ability to turn on his political voice and inspire in a way that both told you that he knew what he was talking about, but really helped to inspire you. If you're speaking in a meeting as the central banker present, do you prefer to speak first or speak last? I tend to speak early
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’s ingratiating himself as a public servant in a foreign country, managing a central bank, or addressing climate change, he’s 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’s important that central bankers plan for failure, what he learned from his father’s work with indigenous Canadians, how growing up near Alberta’s 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’d 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’s 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 full transcript enhanced with helpful links, or watch the full video.
Recorded May 21st, 2021 Other ways to connect
Photo credit: Toby Madden