Thanks very much, Chair.
Thank you to all our witnesses for being here today. I wish I could ask questions of all of you, but I won't have time.
I want to start by clarifying something with you, Mr. Robson. In your points about monetary policy, it sounded as though you said that you believe there's been too much government spending. In other words, the fiscal policy has been too expansionary.
I've been thinking in this discussion, and in prior meetings of this committee, about what the alternative would have been, during COVID, for example, if we'd not had that expansionary fiscal policy. For the folks watching at home, what we mean by expansionary fiscal policy is the government spending significant sums of money to support businesses, to support individuals who lost their jobs and to buy vaccines and that sort of thing. Most of that went into supports for businesses and individuals to prevent bankruptcies, insolvencies, homelessness and that sort of thing.
My question for you is this: Do you believe that the government should not have done those things? Is that what you're saying? Or are you saying something different? I don't want to put words in your mouth. I want to make sure I'm clear.