2min chapter

The Rational View podcast with Dr. Al Scott cover image

Can we afford [not] to have Universal Basic Income? (re-release)

The Rational View podcast with Dr. Al Scott

CHAPTER

The Bank of Canada and the Central Banks Are Creating Money to Make Home Loans Effectively

The price of housing is really skyrocketed well beyond the inflation rate, for example. I'm wondering if this is due to banks creating money to make home loans effectively. We are literally bankrupting and indebted in the next generation just to maintain the asset values of people of this generation, especially of the wealthy. Why don't they just give people money instead? I have a bottom-up recovery here. They're still stuck in the trickle-down mindset.

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