Yes, I understand it provided stimulus and that the stimulus was required. I'm not challenging you on that. I'm suggesting to you that when you engage in bond buying, the government has the capacity to spend that money and does, which in fact injects stimulus into the economy.
Let me go to another question.
You mentioned high household debt, and that concerns me as well. Our household debt to disposable income ratio today is around 180%, which is significantly higher than in the U.S. Has the Bank of Canada done calculations on the impact that higher interest rates will have on highly indebted consumers, those who are indebted on big mortgages, big credit cards and other consumer loans? Have you done that work?