Thank you, Mr. Chair.
Mr. Cross, in your opening comments you talked about long-term ramifications, which is really what I wanted to ask you about from an economic perspective. I touched on this in one of our earlier rounds, but after World War I there was massive spending, funded through debt and increases in the money supply. The Weimar Republic in Germany suffered one of the most acute episodes of hyperinflation in history. In 1923, the inflation rate was 3.25 times 106 per cent per month. In other words, prices doubled every two days.
Today, we and the rest of the world are in a similar situation. We are funding our own war in the same manner through trillions of new spending, either through borrowing or increasing the money supply.
I am just wondering if you could give us your professional perspective on what this might mean in terms of inflation, the potential for high inflation or hyperinflation, and also the effect that it might have on interest rates going forward, after we come out of this.