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.
