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this post was submitted on 29 Mar 2026
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We printed 40% more money supply during Covid debasing peoples salaries.
We did mass immigration into an existing housing shortage as corporations lobbied for cheap labor, to depress wages after we had inflation from the aforementioned money printing.
We now buy half of all mortgage bonds to make borrowing cheaper to further drive up asset prices, as Carney just announced he is buying up unsold condos in Ontario at an inflated price using borrowed public money.
So did capitalism do any of this, or do we keep voting in corrupt governments who continue debasing peoples salaries, enriching those holding inflation resistant assets like real estate and equities?
Has Canada been speaking to Australia about going full lucky country?
Never go full lucky country.