Madam Speaker, the Conservative argument around deficit spending and inflation was completely proven wrong when they said the same thing about the carbon tax. They said that the carbon tax was adding to inflation. The parliamentary secretary and I listened to this for years in the House. Then we got rid of the carbon tax, and inflation did not suddenly get impacted by this.
Notwithstanding that whole issue, the reality is this: What the member is saying is just not correct. I know we both went to the same university. She studied engineering. I studied economics. Take it from the person who studied economics that her rationale for fuelling inflation with deficit spending, which might work in theory in an isolated economy, does not apply in the same way when we have open borders for trade. The reality is that there is so much more that impacts an economy and inflationary pressures.
Notwithstanding the fact that this does not play into the Conservative narrative we heard here for years, can the member explain to me how global economies and free trade affect inflationary pressures the same way she is telling me deficit spending affects inflationary pressures?