I love the egos on TAN. An author pens a report on a national newspaper about national economics, but “clearly don’t understand how economics works”
Sorry but that’s farcical. there’s a reason why Trudeau called a snap election in the middle of covid, only two years into term…because he knew that if he waited until election time came around he was gone. at a cost of $660million to call that election, too. fucking joke of a leader.
It’s actually not something limited to TAN. Plenty of professional economists and policy specialists make the same point about using households as an example when talking about the economy as a whole.
Firstly, it’s not a report. It’s an opinion piece. Leading on from that, you’d be surprised the number of factually incorrect opinion pieces that get published. If I wrote a piece on particle physics for the New York Times that gets published, that’s on them for publishing that twaddle.
Secondly, I’m not basing this off my personal opinion, but the opinion of economists who actually study the subject. The whole analogy is wrong as well. It’s not so much borrowing on a credit card, which implies spending to consume, but taking out a business loan to finance an investment. Government spending doesn’t just evaporate, it results in economic growth through the fiscal multiplier, which in turn feeds back into the taxes it then collects, assuming they are structured right.
That might have been wrong, and that might have simply been politically advantageous, but again it has nothing to do with the point. It does however suggest a personal animus towards him, which is something that can be observed about most of your posts on Canadian politics. I don’t know what your beef is, or whether it’s justified (it could well be), but in this case you’re just digging out issues that are unrelated to the original question, which was how has Canada’s “money printing” differed from other economies, especially with regards to its impact on inflation?
Just found this video… 
The two differences he lists between him and the local Tory MP are; more funding for the police, and more domestic energy production. I think both of those are fairly in line with socialist thinking.
Still, his hearts in the right place. Need the right to become more fractured.
here, maybe this will help. spiraling out of control. I’m backing away from this thread anyways because it’s got naught to do with UK
Sounds reasonable
Cost of new door for House of Lords ‘more than triples to £7,000,000’ | Metro News
Few breeze blocks bit of timber job done in under 6 months £500 
Sounds like 'john wayne ’ in town…
The only country with a worse housing bubble than Canada is New Zealand.
In New Zealand there is a mental model where there are a lot of mom and pop investors in the housing market. In short the boomer generation using equity in their homes to buy rental properties. As mortgage interest was tax deductible and supported by other favourable tax policies it was a safe bet. Unlike say US/UK where people might invest in shares/pensions/new businesses overwhelmingly here people put their money into second homes.
Stricter policies on building homes meant there was a shortage. Lots of incoming immigration just added further pressures. This is something that appears to have gotten worse and worse over a decade. Creating a real generational divide. As increasingly became difficult to get on housing ladder. Then Covid hit.
During Covid government printed lots of money (which was the right thing to do) and interest rates dropped to pretty much nothing. There was even talk of negative interest rates. Many of those mom and pop investors saw an opportunity of cheap cash and bought even more homes. Prices sky rocketed and there became real fear of missing out. A self feeding cycle.
Massive bubble was being created. Home owners felt richer. There tin box shed of a house is now worth $1m.
However with much tighter immigration policies there was no longer cheap labour to pick fruit or do the hospitality jobs. Oil prices increased meaning fertiliser prices increased (farming is main industry). World wide food prices increased so more profit was to be made exporting goods than selling it domestically. further increasing prices. With supply chains disruption limited goods became more valuable. A car I bought 3 years ago worth more today than back then. My dad was doing up his house and had to wait 6months for gib board.
So lots of domestic and imported inflation. It looks like the housing bubble it popping. Simply due to affordability. The average household income is $110K but the average house price was $1M. Those crazy prices (10x income 
) can just about be made on 30 year mortgage at 3%. When interest rates hit 7% people simply can’t afford min repayments. The government is also phasing in the removal tax deduction for landlord’s.
This is basically why Jacinda Arden resigned. I saw a lot of right wing international news where they said it was due to unpopularity of lockdowns etc. It wasn’t it was primarily about housing and inflation.
Young and families are upset as they still can’t get on housing ladder. Boomers are upset as they are losing all the tax perks of being landlords.
To put the cherry on the cake it’s an election year. The leader of the opposition is running basically on a policy of reinstating benifits to landlords 
Led by Donkeys strike again…
I can’t tell Tory cunts apart.
This is hooey
Coming from a Conservative politician? Nah. Impossible.
She has a photo of Adam Ant behind her in the Torygraph article!
One of grossest mistruths pushed on the British public is the idea of a ‘national credit card’ that can be maxed out. It’s a lie that takes root because the vast majority of people in this country are economically illiterate (through no fault of their own - it’s not taught at all school)
Basically it doesn’t matter what specific policy Government adopts, the general principle is that you put money into the hands of poor people and that money is returned to the exchequer with interest. Put money into the hands of rich people, and it is lost. This is very easy to understand - poor people will obviously spend their money and it will be pumped into the economy creating jobs and liquidity. Richer people tend to pop their excess most away where the taxman can’t get to it.
Sums up the whole Tory part that
Even when she crashes the economy there is no intraspection. It’s not the ideologies that are the problem, it’s not what she did. It’s the left wing establishment …. Those woke socialists working at the likes of the banks and the FT.
to be fair, you didnt have to have the inside ear to dump anything to do with Russia in that period.
love to know how where it was on the slide as he dumped it.
my guess is it wasnt at its peak though.
nothing to see here in my mind in regards inside trading.
plenty of other shit to throw at him though.
