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House Hansard - 105

44th Parl. 1st Sess.
September 29, 2022 10:00AM
Context: House Hansard - 105 - Sep/29/22
Mr. Terry Beech
  • Sep/29/22 10:47:27 a.m.
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Mr. Speaker, I am happy the member works to educate her students on inflation and its many causes. There tends to be a disagreement between the government and especially the Conservatives, and there is a lot of cross-talk over what is causing inflation. The member is right that things like climate change and natural disasters can cause inflation. The war in Ukraine is certainly putting inflationary pressure on global economies, as are the leftover remnants of the effects of the pandemic, where we have supply bottlenecks, which are global as well. The opposition wants to make the thesis that it is solely the Government of Canada that is driving inflation, but that is a hard thesis to prove. There is no way that the fiscal policies of Canada are affecting inflation in Europe, the OECD or in the United States. In the short term, we are going to make life more affordable for Canadians and helping to grow an economy that works for everyone. In the long term, we will use both our fiscal tools and the independent Bank of Canada's monetary tools to get inflation under control.
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Context: House Hansard - 105 - Sep/29/22
Ms. Elizabeth May (Saanich—Gulf Islands, GP)
  • Sep/29/22 12:17:53 p.m.
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Madam Speaker, this is my first opportunity to get in on the debate, although I have been listening to it for hours. I would like to ask the hon. member for Lakeland a question that I have been wanting to ask since the hon. opposition House leader, the former Speaker of the House, made his speech. The context in which the Conservatives put this forward is somehow that Canada, alone in the world, did quantitative easing, borrowed a lot of money to keep currencies afloat, to keep economies afloat. I want to refer her to the reports of the International Monetary Fund back in June 2020. All the economies of the G20 took the same steps. All of them, as well as ourselves, did quantitative easing. We can question whether these were good policies, but I would ask her to think about this. If the member's current leader had been prime minister during the pandemic, would the Conservatives have decided to reject Boris Johnson's policies, reject policies of other ideologically aligned Conservative governments around the world and chart a—
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Context: House Hansard - 105 - Sep/29/22
Mr. Simon-Pierre Savard-Tremblay (Saint-Hyacinthe—Bagot, BQ)
  • Sep/29/22 5:04:20 p.m.
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Madam Speaker, I thank my colleague for his intervention and for his speech. Since he taught economics at two CEGEPs, I would like to ask him something. We are familiar with the incendiary declarations that the Leader of the Opposition made regarding the central bank, before he became leader of his party. We know that the central bank is often a target. In the 20th century, however, John Maynard Keynes started talking about the importance of these banks. He also suggested that inflation was not primarily a monetary phenomenon. If I were to ask my dear colleague and friend to give our Conservative Party colleagues a quick economics lesson on central banks, what would he say, in a nutshell?
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