Mr. Speaker, the hon. member is wrong.
The debate to which the hon. member refers is a discussion over the natural rate of unemployment, the rate at which inflation would take off, and there is, in fact, a difference of opinion.
This government clearly states that an arbitrary number, like 8 per cent for a NAIRU, is not applicable to a country whose productivity is improving, a country where interest rates are low, a country whose industry has become lean and competitive.
All I can tell the hon. member is that Alan Greenspan agrees with me and I will take him over the member for Medicine Hat.