Since the start of the pandemic, the government has enacted $176 billion in new spending measures that have nothing to do with COVID.
You have said that the government's own guardrails, which it has set in place, have now been reached and that there is no longer justification for a new $100 billion of additional spending. The chief economist for Scotiabank came to our committee last week and said that all things being equal, additional deficit spending would contribute to inflation.
Do you agree with him on that?