Thank you so much.
Let me start by saying thank you to our witnesses. This has been one of the most interesting panels, from my perspective, that we've had on this study to date. Unfortunately, I'll only have time for a few quick questions, so if you could keep your answers short, I'd appreciate it.
I'll start with Professor Milligan.
One issue that has come up previously on this committee has been the issue of a universal basic income. My colleague Mr. Julian has suggested a $2,000 monthly payment would be appropriate. I know you've had the opportunity to consider this type of an approach. What would the cost be compared to an ordinary spending cycle for the Government of Canada?
Maybe we'll start there and follow up where the answers take us.