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Finance committee I'll be very quick. I agree with Bill completely. I just want to mention a couple of names. Charles Goodhart, the 81-year-old retired LSE professor of monetary policy, has written several books and was 30 years before that at the Bank of England. He is making the same argument
March 18th, 2021Committee meeting
Dr. Ian Lee
Finance committee Ms. Jansen, I won't tell you how to vote, as that would be presumptuous of me, but I do want to once again reiterate that these norms.... I've been fascinated all my life by British history and the constitutional evolution, because my late father was a Brit. I've studied it. The
March 18th, 2021Committee meeting
Dr. Ian Lee
Finance committee To your first question, whether I read the IMF report, yes, I did. Yes, they commended us on our response. I've never suggested—I think you're dichotomizing this or turning it into a Manichaean argument of the light being on or the light being off. I have never said, and I don't
March 18th, 2021Committee meeting
Dr. Ian Lee
Finance committee I do, too. Thank you. Infrastructure has been studied, as you can guess, literally going back to Adam Smith. I would bring up something in response to your question. I testified before this committee back in 2008-09, and I looked up the data on infrastructure spending. I think
March 18th, 2021Committee meeting
Dr. Ian Lee
Finance committee Okay. In terms of the budget limit, I'm not religious about that. To me, it's another check and balance. I've been arguing with my students for years. We tend to think in a democracy, “Oh, yes, we understand checks and balances. It means an election.” But there are vastly many m
March 18th, 2021Committee meeting
Dr. Ian Lee
Finance committee I think so. I would make two points, because I think you're asking me to comment on that. The sixties in that context were very different. I grew up in the sixties. I do remember the sixties—going for Robin Williams' famous line—and it was a very different period. I wasn't invoki
March 18th, 2021Committee meeting
Dr. Ian Lee
Finance committee I'm on my final sentence. We can see light at the end of the tunnel, and I do not believe that it requires a hundred billion dollars to cause each of us to venture outside and to start to live normally again. Thank you.
March 18th, 2021Committee meeting
Dr. Ian Lee
Finance committee Thank you, Mr. Easter. I apologize for the technological hiccup. I do have a very high-speed connection, I assure you. I have Bell Fibe. I want to thank the finance committee for inviting me to appear. My disclosure is that, first, I do not belong to or donate to any political
March 18th, 2021Committee meeting
Dr. Ian Lee
Finance committee There are two parts there. Let me deal with the last one first. I don't pretend to be a medical doctor or an epidemiologist. I watch the press conferences every day, with the scientists around Trump, and of course read the medical reports in Canada. I am really fascinated by Pr
April 24th, 2020Committee meeting
Dr. Ian Lee
Finance committee Yes. I feel very strongly about this and I'm not being casual or dismissive of those who are in a risky situation. I am exhibit A for that because I'm 65 and a male who takes immunosuppressive drugs for arthritis. So I'm a triple risk from this horrible virus. In my enormous re
April 24th, 2020Committee meeting
Dr. Ian Lee
Finance committee I'm going to defer to Professor Milligan. I think he is the leading authority on employment. Having said that, I've been studying public policy for my entire adult life as a professor in Ottawa. What else can we do in Ottawa? That's our business in Ottawa. We do politics and pol
April 24th, 2020Committee meeting
Dr. Ian Lee
Finance committee I'm optimistic, though, for young people because of their dynamic character.
April 24th, 2020Committee meeting
Dr. Ian Lee
Finance committee Thank you very much, Mr. Chair. I want to thank you for inviting me here. First, I will make my disclosures very quickly. I do not consult directly or indirectly to anyone anywhere. Second, I have no conflict of interest, as I have no investments in any firms anywhere. Third, I
April 24th, 2020Committee meeting
Dr. Ian Lee