Posts Tagged ‘mark carney’

Mark Carney: Necessary Investment

Posted by admin on Saturday, February 6, 2021

Mark Carney Money Quote saying if we value the lives we are currently living above the one we hope to live, making investments in the future are less likely. Mark Carney said:
 
If we value the present much more than the future, then we’re less likely to make the necessary investments today to reduce risk tomorrow Quote
 

“If we value the present much more than the future, then we’re less likely to make the necessary investments today to reduce risk tomorrow” — Mark Carney

 

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In this quote, Mark Carney is discussing the relationship between how much value is placed on the present versus the future and the implications for making important long-term investments. He argues that if people and societies overvalue the present and undervalue the future, then they will be less inclined to make necessary investments in the present that can help reduce future risks.

By “investments” Carney seems to mean financial expenditures as well as other sacrifices made now for long-term benefits. The quote suggests that heavily prioritizing short-term gains over future security can discourage prudent actions today to safeguard against potential future threats. Overall, Carney appears to be emphasizing how hyper-focusing on immediate interests can undermine preparing for long-run risks according to this interpretation.

Mark Carney: Intrinsically Valuable

Posted by admin on Friday, February 5, 2021

Mark Carney Money Quote saying If people feel their activity is valuable they can be convinced otherwise by an offer of cash. Mark Carney said:
 
When people are engaged in an activity that they see as intrinsically valuable, offering them money weakens  their motivation Quote
 

“When people are engaged in an activity that they see as intrinsically valuable, offering them money weakens their motivation” — Mark Carney

 

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In this quote, Mark Carney seems to be commenting on the concept of intrinsic versus extrinsic motivation. By stating that offering money can “weaken their motivation” when people see an activity as “intrinsically valuable”, Carney implies that financial incentives may undermine motivation driven by internal rewards like personal fulfillment, interest or satisfaction from the work itself.

The quote conveys Carney’s perspective that activities undertaken for their own sake due to inherent enjoyment or purpose, rather than primarily for monetary gain, are driven by intrinsic motivation which can be diminished by introducing extrinsic rewards like pay. Overall, he appears to be arguing that paying for tasks people are already motivated to do due to internal rewards may paradoxically decrease their motivation over time.

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