monetary-policyhousing-crisiswealth-inequality
“You've doubled the number of homes in America, from about 70 million to 150 million. You know how much the money supply has grown? 30 times. So you have twice the homes, but 30 times the cash. Housing costs have gone up 15-fold in 55 years. This is the biggest wealth transfer from the working class to the elites — from the have-nots to the have-yachts.”
The 'have-nots to the have-yachts' line is instantly quotable, and the raw data framing reframes housing unaffordability not as a supply problem but as a monetary policy failure — a genuinely contrarian take that challenges mainstream economic consensus.
Guest (Canadian Political Candidate)
55:18