The Rest Is Politics: Leading 44. Mark Carney: Bank of England, Trussonomics, and Brexit
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Nov 6, 2023 
Mark Carney, former Governor of the Bank of England, discusses financial markets' role in fighting climate change, the true economic theory behind austerity, and the challenges he faced during his tenure. They also touch on investment bankers, the aftermath of the 2008 financial crisis, and Mark Carney's potential career in politics.
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Canadian Childhoods
- Mark Carney's childhood differed from Michael Ignatieff's, as Carney grew up in smaller Canadian towns while Ignatieff's diplomat father traveled extensively.
- Carney's parents, both teachers, instilled a sense of public service in him from a young age.
Market Alignment
- Mark Carney views his career as aligning markets with societal needs, such as climate action.
- He believes in using market mechanisms to achieve public good.
Investment Banking Downsides
- A downside of investment banking is that it promotes a materialistic worldview where everything is assigned a monetary value.
- This can lead to crises by undervaluing things without a price.