Reddit mentions of Financial Fiasco: How America's Infatuation with Home Ownership and Easy Money Created the Economic Crisis

>The banks lobbied heavily for financial de-regulation and the removal of the Glass Steagall Act. They also profited handsomely off the Bush administrations policies.

I'd suggest you read Financial Fiasco by Johan Norberg. It does a good job explaining the causes of the global recession and how government and special interest groups joined together to encourage and exploit housing affordability for low income earners and a loose credit policy. It's basically the polar opposite of a liberalized market.

https://www.amazon.ca/Financial-Fiasco-Americas-Infatuation-Ownership/dp/1935308130

Norberg Also did few interviews and lectures on the book

https://www.youtube.com/watch?v=svY3uyODAqU&t=

https://www.youtube.com/watch?v=vv1kzhuhUWg&t=

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>That's why I support tariffs and penalizing tax havens

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Virtually no economist or global trade expert supports tariffs or trade barriers being imposed. The siphon wealth out of a country making it poor, not richer. Literally the only people peddling this argument today are people like the Trump administration in the U.S.

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>If you get a 2% wage increase and the inflation rate is 2%, you got nothing. If you got less than a 2% raise, you took a pay cut. If productivity rose by 2%, well all your hard work made your boss rich, but not you.

So apparently you know more than the chief BMO economist who said that Canadians got richer, not poorer? The only way you can say Canadians have gotten poorer is if you're consciously reinterpreting the evidence to fit a specific bias.

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https://www150.statcan.gc.ca/n1/pub/75f0002m/75f0002m2016001-eng.htm

>We found that absolute income mobility became stronger in the last 15 years of the period than in the first 15 years. In particular, Canadian taxfilers experienced stronger income growth in the last 15 years than their counterparts in the first 15. We also saw that a higher proportion of taxfilers had rising rather than falling income in the last 15 years than in the first 15.

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https://www.cbc.ca/news/politics/millennials-money-canada-generation-1.3462064

>"The current generation of young Canadians is, on average, wealthier than previous generations of young Canadians," says the confidential report, though with some cautionary notes."Young Canadians … born in the first half of the 1980s had an average net worth of close to $93,000 per adult. In contrast, previous generations of young Canadians had an average net worth of about $60,000 per adult — 35 per cent less once adjusted for inflation."

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The Unemployment rate: https://tradingeconomics.com/canada/unemployment-rate

The Poverty/Low Income Rate: https://www.canada.ca/content/dam/esdc-edsc/images/programs/homelessness/consultations/poverty-reduction/backgrounder/figure2.jpg

The Child Poverty Rate: https://images.thestar.com/pwFeBQ3rOtHg9EDKUV7Mj_h5c04=/1086x806/smart/filters:cb(2700061000)/https://www.thestar.com/content/dam/thestar/news/gta/2013/11/25/child_poverty_rates_in_canada_ontario_remain_high/cichildpoverty25.jpg

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There's also less poor/low income people in Canada today than there was 30 years ago when living standards and wages are adjusted for inflation.

https://nationalpost.com/news/canada/poor-today-rich-tomorrow-permanent-underclass-a-myth-in-canada-study-reveals

I'd also direct you to some of Economist Steven Gordon's articles on income inequality, since it does a good job of separating fact from fiction in the inequality debate.

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https://nationalpost.com/opinion/stephen-gordon-what-is-income-inequality

I'm a libertarian, and almost all libertarians I know are pro density and pro urban. Suburbia is entirely engineered by big government through the [morgage interest deduction] (http://www.amazon.com/Financial-Fiasco-Americas-Infatuation-Ownership/dp/1935308130), zoning laws that segregate commerical from residential districts and ban dense construction, [free parking mandates] (http://www.amazon.com/High-Cost-Parking-Updated-Edition/dp/193236496X), and eminent domain for shopping malls. [The street car was killed by price controls and government subsidies to highways.] (http://marketurbanism.com/2010/09/23/the-great-american-streetcar-myth/)



[Best book on suburban sprawl. Better than geography from nowhere and duany's.] (http://www.amazon.com/High-Cost-Parking-Updated-Edition/dp/193236496X)