Article Author: Andrew Allison, Philosophy PhD Student, University of Calgary
Excerpt from article: (emphasis mine)
The independence of central banks from the democratic process has been a bedrock of economic policy for decades. The Bank of Canada is no exception, maintaining distance from elected officials to ensure monetary policy is free from political pressures.
However, a clear division between central bank and government could be tested with Mark Carney, former governor of both the Bank of Canada and the Bank of England who’s running for leadership of the Liberal Party and, in turn, the role of prime minister.
His bid raises concerns about how central bank independence might be perceived under a Carney-led government. Could his tenure as a central banker result in the Bank of Canada’s independence being clawed back? After all, he has demonstrated his ability to manage monetary policy at the highest levels.
The answer, if we want to preserve the economic benefits of central bank independence, is clear: the Bank of Canada’s independence must be preserved. And Carney, who has championed the importance of politically neutral monetary policy, would likely agree.
HELP!!
OH NO!!!
One of the world’s leading economists is trying to “interfere” with the BoC
Oh no!!
I mean PP is going to interfere with them too. Sure know which one I’d rather have “interfering”
Also this article reeks of a CON attempt (aka it’s blatantly obvious and pretty stupid) to discredit Carney through misinformation.
And it’s UofC. You can have all the free thought you want at the UofC, as long as it’s conservative in nature.
There have been some issues with bias with the university admin, but I wouldn’t say that’s the case with the university as a whole
For example
https://www.reddit.com/r/UCalgary/comments/10lgm6a/may_2023_elections_is_our_chance_to_get_what_we/
I’m on mobile and I can’t check, but is this the riding that the university falls under?
https://en.m.wikipedia.org/wiki/Calgary-Varsity
As for the author, I’m not sure. The profile only has this article, and I’m not well versed on the area of research to know if there is a bias or not
https://theconversation.com/profiles/andrew-allison-1511511/articles
In 2022, Conservative Party leader Pierre Poilievre threatened to fire the governor of the Bank of Canada
It’s as if someone asked ChatGPT to write an article suggesting that Carney, of all the prospective PMs, poses some kind of threat to central bank independence and even the AI was like no dude, you’re thinking of Poilievre.
The conversation is usually good… But yeah this article isn’t.
Yeah someone trying to find attack spin conservatives can use.
Part of why I opened the article was because I saw that spin in comment sections earlier.
Now if it comes up in discussions, I’ll know enough to speak about it
