Madam Speaker, I commend the hon. member on his very realistic-looking background. It felt like he was seated in front of me in the House.
I would like to know what the hon. member thinks of the comments by the Conservative finance critic, who claims that the Bank of Canada is printing money, which leads to inflation later. That is absolutely not the case. There is a distinction to be made.
The Bank of Canada is pursuing a quantitative easing policy. That is not the same thing. Bank reserves are being increased so that they can borrow money if they want to invest in projects that will increase the supply. We know that when the supply of products and services is increased, this plays against inflation because obviously the supply is greater.
Can the hon. member comment on the fact that his colleague does not seem to understand this distinction, despite being the finance critic?