“Privatizing gains and socializing losses” could be the motto for the neoliberal era. Alongside this and “there is no alternative”, few slogans better capture the ideology that has been so successfully diffused throughout the world over the past several decades. Five years after latest financial crisis, this motto rings true
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Political Eh-conomy: A Canadian housing bubble? Evidence from capital inflows
Warning: A wonky, but thankfully short, post follows. Yesterday, the Naked Capitalism blog reposted some recent research by OECD economist Eduardo Olaberria that looks at the effect of capital inflows on bubbles in assets, particularly housing. With so many other signs of a housing bubble forming in Canada, I decided
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