I think we agree that this is an extraordinary measure for extraordinary times. But I think the issue here, especially with Minister Flaherty's comments, is that some believe that quantitative reasoning is akin to printing money. My understanding is that it's basically a debt or asset swap. You are basically putting some more liquidity in the market. You are increasing the money supply in that way. But you are taking away from the money supply through long-term obligations, bonds, or to some extent with some securities.
Would you agree that it's not printing money per se? Is this the reason you're still seeing that tool as part of your tool kit for extraordinary times?