The Radical Middle Podcast

In this episode of the Radical Middle Podcast, Thomas McMurtry and Ian Hull, LSM, Hull & Hull LLP, discuss how modern money creation through bank lending has disproportionately favored real estate over productive businesses, particularly due to risk-weighted asset regulations and institutional biases. They explore how government programs like CMHC mortgage insurance have encouraged increased lendi...

In this the fourth episode of The Radical Middle, host Thomas McMurtry and special guest Ian Hull discuss the impact of real estate investment on Canada's economy and wealth creation. They explore how rising housing costs have made Canadians feel economically precarious, despite some individuals benefiting from increased property values. The conversation covers Canada's low productivity compared t...

In Episode 3 of The Radical Middle Podcast, Thomas McMurtry and Ian Hull explore a question that was central to early political economy: what actually creates wealth in an economy? Drawing on thinkers such as David Ricardo and more contemporary economists like Michael Hudson and Richard Werner, the discussion examines the distinction between productive investment and wealth derived from rising ass...

In this the second episode of The Radical Middle Podcast, Thomas McMurtry and Ian Hull discuss how modern banks create money through lending, and why this matters for the real economy. Moving beyond the traditional "fractional reserve" view of banking, the conversation explores the modern credit creation theory increasingly acknowledged by central banks themselves: when banks issue loans, they sim...

In this the premiere episode of The Radical Middle Podcast, host Thomas McMurtry, M.A. in International Political Economy, and special guest Ian Hull, LSM,, lawyer and co-founder of Hull & Hull LLP, discuss the Canadian housing crisis and financialization of the economy. Thomas and Ian examine how Canada's high debt-to-income ratios and heavy mortgage lending by banks have created "virtual wealth"...