Finance committee  There are 330 million...and they are the largest, most productive and most dynamic economy in the world. China is actually declining as a percentage of U.S. GDP. Europe is declining. People don't realize that. The United States keeps getting bigger, larger and more competitive, a

Finance committee  Yes, I do, and so do many people. I mean, deficits are by definition stimulative, regardless of—again—the motive. It doesn't matter what you claim your motive is; deficits inject money into the economy. There's a metaphor I like to use. I was a caregiver for my late remarkable m

Finance committee  This is an excellent metaphor. Monetary and fiscal policy should be operating in concert. When we go into a recession, if we stimulate through driving down interest rates and running up deficits, they're in concert, but right now we're trying to cool down the economy because th

Finance committee  I do remember the MURBs, because I financed some way back when. This was in the late 1970s and early 1980s. I can't remember the details now at all, I assure you, but they were very popular and they were used widely. It shows that incentives work. When you provide incentives like

Finance committee  Let me go more to a big picture, because I'm worried about this, as I've already mentioned in my opening comments. Nobody is talking about it in this country hardly at all, except David Dodge, I think, and a few other people like that. We are seeing a decline in business capita

Finance committee  Thank you. I'm sure you all know taxation has been studied by scholars and practitioners going back literally into the Middle Ages and going back to the government of England. It was the original instrument of government policies long before other, more sophisticated instrument

Finance committee  Thank you, Mr. Chair and members. Here are my disclosures. First, I do not belong to or donate money to any political party, or allow lawn signs during federal, provincial or municipal elections. Second, I was mortgage manager of the fourth-largest BMO branch in Canada—the Otta

Industry committee  I can't add to that. I agree completely.

Industry committee  I agree with what you just said, that you're going to lose that and that more voices are better than a single, solitary voice. The larger issue with SOEs—I've made a very similar argument for years, similar to Jack Mintz—is that it's unfair competition. It's not a level playing

Industry committee  I agree with you. By the way, if I can just give a sidebar, the United States is as attractive as it is because it is seen—and you know this as a former CEO—as having the most risk-free rate of return in the world. In other words—and I heard this when I was teaching in Russia, i

Industry committee  Can I just respond to that quickly?

Industry committee  Thank you, Mr. Lemire. I was glad you asked that question, because I'm obviously a lot older than you are, so I have memories going back to the Cold War. I'm bringing that up because I'm in this debate group with some friends of mine, and academia out in the business world is de

Industry committee  If you're asking me, I will be very quick, because I know the other two and I want to hear them. I'm not worried about protecting critical minerals from the Germans or the Americans. I'm not. I keep saying there are two animals in this bill. There's the national security animal,

Industry committee  Thank you. Yes, I think it probably will. I'm saying that with hesitation, because it's mixed up in this instance. There's national security mixed up with net benefit. As I keep saying, these are two very different animals. The animal I'm much more familiar with is net benefit,

Industry committee  Can I jump in on that very quickly? Dr. Leblond brought this up earlier and I was really itching to jump in. He brought up something very important that he talked about in his last appearance, and I'm going to use slightly different language to say the same thing. What he was t