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House Hansard - 186

44th Parl. 1st Sess.
April 27, 2023 10:00AM
  • Apr/27/23 10:22:55 p.m.
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Madam Speaker, on this side of the House, we were pointing out early on, during the pandemic debates about the economy, that inflation was a real threat. The Minister of Finance said, well, no, it is not, that deflation is the bigger threat and that, as a matter of fact, it would be irresponsible for the government not to engage in deficit spending because, after all, money is free or almost free and it would be ridiculous and irresponsible not to spend. The member for Carleton pointed out time and time again that inflation was a real risk and that there were not new rules for the economy. The economy was functioning on the same rules then as it does now. Inflation needs to be managed, and the government plays a very important role in that.
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