If we're having a back-and-forth conversation, I understand your point, but that wouldn't be my principal argument. My principal argument is that when times get tough and we have to make adjustments—like the fiscal interventions, as I call the 1995 Chrétien decision, which I strongly supported, or the monetary interventions of the early 1980s by Paul Volcker and by the Bank of Canada—it falls disproportionately on low-income people and minorities. They're the ones who pay the burden of the adjustment, because they have fewer resources, less wealth and less resilience.
On November 8th, 2018. See this statement in context.