The Radical Middle Podcast Episode 1 - The Canadian Housing Crisis & Declining Productive Investment

In this the premiere episode of The Radical Middle Podcast, host Thomas McMurtry, M.A. in International Political Economy, and special guest Ian Hull, LSM,, lawyer and co-founder of Hull & Hull LLP, discuss the Canadian housing crisis and financialization of the economy. Thomas and Ian examine how Canada's high debt-to-income ratios and heavy mortgage lending by banks have created "virtual wealth" while diverting resources away from business investment and infrastructure. The discussion highlighted how Canada's financialized economy, with 80% of bank lending directed to mortgages, has created systemic risks while not necessarily driving sustainable economic growth. Further Reading: - Bezemer et al. (2023) - Jordà, Schularick & Taylor (2016) - Chakraborty et al. (2018) Please like and subscribe, new episodes to be released on a regular basis. Inquires: [email protected]