News for hackers. Stuff that matters.
Re:Bank of Canada raises its interest rate to 5% by donmcronald on Wednesday July 12, 2023 @02:42PM (#36699725)
Yep. I didn't read the Wikipedia article, but, AFAIK, there used to be more non-market or co-op housing in Canada where the cost of rent, etc. was tied to the actual costs instead of what the market will bear. That acted as a check on runaway greed since it gave people a good comparable (at least for rent) that was based on fair value rather than maximizing profit.

There are no comments on this comment yet.