Tuesday, May 11, 2021
Budget Implementation Act, 2021, No. 1
Government Orders
0
Madam Speaker, I am glad to hear that the finance committee is actually debating this issue.I do not profess to be a world-leading economist, but I have lived through the stagflation of the 1970s, the erosion of people's savings and the mismatch between what inflation was doing to their assets and to their income.The issue is whether the CPI is actually measuring the right things. The argument is that the CPI measures the Canadian economy well and its inflation well during non-pandemic times, but during a pandemic, it may not be measuring quite the right things. This an interesting debate and I hope the finance committee carries on with that.
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