Mark Carney’s radical idea for fixing the world economy

Interest rates are nearly zero in real terms, and the former Bank of Canada governor has proposed a digital solution that could help us weather the next recession.

Bank of England Governor Mark Carney, pictured with Don Newman in 2013 during his time as the governor of the Bank of Canada. Mr. Carney proposed introducing a global digital currency for international transactions during a meeting of central bankers in Jackson Hole, Wyoming last week. The Hill Times file photograph

Opinion

BY DAVID CRANE

September 2, 2019

TORONTO—At the G-7 leaders’ summit in Biarritz, France, the principle goal was to give U.S. President Donald Trump no excuse for another of his childlike temper tantrums or ugly tweets. French President Emmanuel Macron, the host, didn’t even try to produce a communique and, at a time when the ...

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