Happy Monday Morning! Everywhere you scroll these days there is some debate about the housing mess, people arguing on social media, all levels of government pointing fingers and blaming each other for the housing crisis. “Vote for me and i’ll fix housing.” It is all political theatre.
Well, he's a big bank economist dissenting to precisely the extent to which he is allowed to dissent whilst still retaining the relevance of his job, so let's not get too carried away.
He doesn't acknowledge that 'we need to tax to spend' is a myth; he doesn't call for money creation to be placed in the hands of elected representatives rather than financial institutions; he doesn't call for housing creation to be de-financialized.
All he does is highlight some of the inherent contradictions in treating land as a financializable commodity rather than public good.
Hi Steve, thanks for explaining the government's about-face on the housing ban. That helped. And also for highlighting Derek Holt's dissenting opinion. I watch the Loonie Hour every week, I gave you a 5 star on Apple. Keep up the good work!
Well, he's a big bank economist dissenting to precisely the extent to which he is allowed to dissent whilst still retaining the relevance of his job, so let's not get too carried away.
He doesn't acknowledge that 'we need to tax to spend' is a myth; he doesn't call for money creation to be placed in the hands of elected representatives rather than financial institutions; he doesn't call for housing creation to be de-financialized.
All he does is highlight some of the inherent contradictions in treating land as a financializable commodity rather than public good.
Hi Steve, thanks for explaining the government's about-face on the housing ban. That helped. And also for highlighting Derek Holt's dissenting opinion. I watch the Loonie Hour every week, I gave you a 5 star on Apple. Keep up the good work!