Mark Carney’s speech got the world’s attention – but was it the right message?

Mark Carney’s speech in Davos last month has made a bigger splash than any pronouncement by a Canadian prime minister in years. Not since Brian Mulroney clashed with Margaret Thatcher over South African apartheid has something a PM said been so remarked on in other parts of the world. I happen to be visiting Australia right now and the speech has been all over the media. There must have been dozens of articles and columns analyzing his remarks. Most of them praised him for his intelligence and rigour. I think there are a few reasons why the speech had such…