Mark Carney, World Hero

Photograph Source: The White House – Public Domain

I’m not in the habit of touting central bankers as heroes, but Mark Carney definitely hit a home-run in his speech at Davos. He called out Donald Trump’s derangement and outlined the basis for a new structure of international relations that does not rely on the United States to play the leading role.

To his credit, Carney did not glorify the old system, acknowledging that in the “rules-based system” led by the United States, the...