The Hill Times
OTTAWA—Mark Carney has finally entered the political fray, although in a special role that will allow him—at least for now—to go right to the heart of government decision-making without having to bother with all the issues around getting elected. Be that as it may, his arrival on the scene as Prime Minister Justin Trudeau’s now-official adviser on the economy gave the Liberal s something upbeat to put in the window as their caucus prepared to return to Parliament facing mostly bad news.
“What’s critical in my view… is that if something is going to be changed, that something at least as good is put in its place. Ideally, if you’re going to change something, you put in place something better that still has that credibility and predictability,” he said. As an economist, Carney would obviously know that a carbon tax is a market signal that is the most effective way to influence economic activity—something economists of all stripes have always agreed upon.
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