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Decentralized Democracy

House Hansard - 218

44th Parl. 1st Sess.
June 21, 2023 02:00PM
Context: House Hansard - 218 - Jun/21/23
Mr. Daniel Blaikie (Elmwood—Transcona, NDP)
  • Jun/21/23 6:52:06 p.m.
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Madam Speaker, I thank the member for La Prairie for his speech and enthusiasm. I want to ask him this. The Conservatives say that today's motion is their plan for fighting inflation. However, in the past, the Conservative leader presented a plan to fight inflation based in part on the use of cryptocurrency. I do not see any reference to cryptocurrency in this motion. I am wondering why the Conservatives removed this very important pillar from their plan. Could the member for La Prairie comment on that?
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Context: House Hansard - 218 - Jun/21/23
Mr. Alain Therrien
  • Jun/21/23 6:52:50 p.m.
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Madam Speaker, I certainly do not support cryptocurrency, which creates inflation. I would like to highlight an important point that I did not previously mention. Introducing a plan to return to balanced budgets will have an impact on the economy and inflation by changing expectations about inflation. Inflation feeds itself. Forecasting inflation is enough to create it and to throw us in an inflationary spiral. Proposing a plan to balance the budget will lower expectations of inflation occurring. This curbs salary increases, which in turn limits inflation.
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