Mr. Speaker, Robert Mundell, a professor at Columbia University, has been awarded the Nobel prize in economy. The Royal Swedish Academy of Sciences has recognized the work of this Canadian economist, a pioneer of the European monetary union, barely a few months after the introduction of the Euro.
In the early sixties, Professor Mundell did a great deal of research on monetary and economic union, at a time when no one dared question the use of national currencies.
The academy said that “Robert Mundell displayed remarkable and quasi-prophetic anticipation regarding the future problems of international monetary arrangements and financial markets”. It is unfortunate that the Liberal government refuses to listen to this great economist and will not do like the Bloc Quebecois and seriously consider a North American monetary union.
One of the best ways to prepare for the future is to build it, not wait around passively, like this government is doing on an issue that comes under its jurisdiction.