We can't do it because that would create inflation. If you create money and it is spent and no liability is recorded, that creates inflation and devalues the Canadian currency in that context.
On December 2nd, 2020. See this statement in context.
On December 2nd, 2020. See this statement in context.
December 2nd, 2020 / 5:35 p.m.
Parliamentary Budget Officer, Office of the Parliamentary Budget Officer
We can't do it because that would create inflation. If you create money and it is spent and no liability is recorded, that creates inflation and devalues the Canadian currency in that context.
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