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Decentralized Democracy

House Hansard - 310

44th Parl. 1st Sess.
May 7, 2024 10:00AM
Context: House Hansard - 310 - May/7/24
Mr. Randy Hoback
  • May/7/24 12:21:07 p.m.
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Madam Speaker, that is such a big issue. I will use a very simple example. Interest rates go up. Mortgage rates go up. For their mortgage now, people pay more interest costs. Therefore, instead of paying, let us say, $3,000 or $2,000 a month, now they are paying $3,000 or $4,000 a month. That is after-tax dollars taken out of their pockets just for interest costs. That is because of the inflation policy.
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