Madam Speaker, I would have to save an entire day to discuss some of the questions around jurisdiction. My question is about the government's fiscal policy in terms of the macroeconomic approach, which I know my colleague has serious expertise in.
At committee, we have heard the Governor of the Bank of Canada describe the monetary policy to be the effective lower bound of the interest rate the bank can offer. The chief economist of the International Monetary Fund has suggested that, for countries that have a central bank that has reached the effective lower bound of interest rates, public stimulus is not just economically sound but is the fiscally responsible thing to do.
Without getting into the specifics of 100 different measures he may agree or disagree with, from a macroeconomic policy point of view, I am curious whether he agrees it is essential to support the economy, and more importantly the people and businesses inside that economy, by ensuring we extend enough supports to ensure they can be on a life raft through this pandemic so they can contribute to the recovery on the back end.