I recognize that there is some concern about the extraordinary actions the Bank of Canada has taken.
During the 2008-09 global financial crisis, the U.S. Federal Reserve embarked on an aggressive strategy of quantitative easing, large-scale asset purchases. At that time, there was concern that would cause inflation in the United States. It did not cause inflation in the United States. In fact, it prevented disinflation and kept inflation reasonably well anchored on their—