Certainly. I share concerns about this bill and the attempt to alter the competition law of Canada. Keeping in the spirit of my remarks, I think we've really unlearned the lessons that we learned in the 1970s and 1980s. We saw wage and price controls under a previous government in the 1970s, Pierre Trudeau's government, and that just didn't work. This is a basic lesson that economists have known for decades or longer: that wage and price controls never fix inflation or lower prices, that all they do is cause scarcity.
Again, our previous flirtation with wage and price controls—it was the same thing in the U.S. under President Nixon—was disastrous. You can't fix inflation until you recognize that loose monetary policy, let loose after the financial crisis in the pandemic, is the real culprit. Wage and price controls or tinkering with competition won't fix that problem.