I’ve had a chance to spend a little time with Tiff Macklem. This was before his appointment as governor of the Bank of Canada. Macklem was the dean of the Rotman School of Management at the University of Toronto when I was enrolled in the school’s MBA program. I met him at a few receptions and found him to be a personable and (obviously) smart guy. And while he was still at Rotman, he wrote two articles for The Conversation Canada. Until this week, most Canadians had never heard of Tiff Macklem. But Pierre Poilievre, the frontrunner for the leadership of the Conservative Party of Canada, made headlines by saying he would fire Macklem if he becomes prime minister. The reason: Canada’s current high inflation rate.

I only got a B+ in economics at Rotman, but I know enough that the independence of central banks should be sacrosanct. Monetary policy should not be tied to any party’s political promises. The decisions of the Bank of Canada, like those made by any central bank of a democratic country, should be scrutinized. But they should not be politicized. Poilievre has promoted some unique financial policies – including the suggestion that cryptocurrency is a way Canadians can “take back their money” and “opt out of inflation.” These statements were made before the cryptocurrency market crashed this week, wiping out hundreds of billions of value for investors.

For your weekend reading, I’ve assembled some articles from across The Conversation global network on the latest plunge in the value of cryptocurrencies. I’ve also included one of Tiff Macklem’s articles from 2019.

Have a great weekend. We’ll be back in your Inbox on Monday.

Scott White

CEO | Editor-in-Chief

Weekend Reads: Understanding cryptocurrency

Cryptocurrencies: why they’ve crashed and what it could mean for their future

Gavin Brown, University of Liverpool; Richard Whittle, UCL; Stuart Mills, London School of Economics and Political Science

Cryptocurrencies may be down, but they’re not out.

‘Impulsive psychopaths like crypto’: research shows how ‘dark’ personality traits affect Bitcoin enthusiasm

Di Wang, Queensland University of Technology; Brett Martin, Queensland University of Technology; Jun Yao, Macquarie University

Narcissism and belief in conspiracy theories may be among the factors that motivate people to buy cryptocurrencies.

Behind the crypto hype is an ideology of social change

Rick Wash, Michigan State University

Many people promoting cryptocurrencies are looking for something bigger than the future of financial transactions. They’re aiming to break free of governments and corporations.

Stablecoin volatility shows an urgent need for regulation to protect consumers

Matthew Shillito, University of Liverpool

Uncertainty is affecting what used to be the safer end of the market.

Five things that economists know, but sound wrong to most other people

Renaud Foucart, Lancaster University

Economists shape the world in many ways, but some of their conclusions are counter-intuitive to say the least.

Climate change should be part of regular savings and investment decisions

Tiff Macklem, University of Toronto

It’s time for climate-conscious risk management and investments to be part of the everyday savings and investment decisions made by individuals and businesses across Canada.

The Conversation Weekly podcast

Adult ADHD: What it is, how to treat it and why medicine ignored it for so long – podcast

Daniel Merino, The Conversation

Two ADHD researchers discuss advancements in the diagnosis and treatment of adult ADHD.