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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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.
Role of a Central Bank
- A central bank's role is to maintain confidence in money by controlling inflation, ensuring financial system stability, and managing payments.
- They also oversee the physical production of currency and prevent counterfeiting.