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House Hansard - 155

44th Parl. 1st Sess.
February 7, 2023 10:00AM
Context: House Hansard - 155 - Feb/7/23
Hon. Ed Fast (Abbotsford, CPC)
  • Feb/7/23 4:16:33 p.m.
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Madam Speaker, I am glad the member quoted Milton Friedman. Of course, that member, being a member of the Liberal Party, is a great disciple of John Maynard Keynes, who used to promote spending as a way out of governments' problems and spending as a way of getting an economy back on track. Unfortunately, it is spending that has gotten our economy off track and into an inflationary spiral. Will that member not admit that the spending his government undertook in Canada has driven inflation to 40-year highs and has caused the current unaffordability crisis in Canada? Will he now, at least, admit that?
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Context: House Hansard - 155 - Feb/7/23
Mr. Francis Scarpaleggia
  • Feb/7/23 4:17:29 p.m.
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Madam Speaker, the policies the government implemented over the last two years did not cause the price of food to go up. They put food on the table for Canadians. John Maynard Keynes's words of wisdom still ring true today in times of crisis. John Maynard Keynes said that the economy will adjust over the long term. An economy will always adjust if there is massive unemployment, as unemployment will be absorbed over the long term, but he said, “In the long run, we are all dead”. That is a quote from John Maynard Keynes, and it means we should not wait for the long term. If there is a crisis today, we should take the measures that are going to alleviate the crisis and alleviate human suffering today.
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