Mr. Speaker, Dr. Sherry Cooper of BMO Nesbitt Burns said recently in her newsletter:
We are in danger of repeating the deflationary policies that caused the 1929 stock market crash and the Great Depression.
She goes on to say:
The misplaced belief that the road to economic prosperity is paved by near-term fiscal tightening, as espoused by our Prime Minister...shows we have learned nothing from Herbert Hoover's response to the Great Depression.
I wonder if the Prime Minister would care to comment on these words from a distinguished economist?