Pierre Poilievre

I mean, I think housing costs are another one. I mean, there was a study out just 10 days ago that has Toronto and Vancouver now by far the most unaffordable housing markets in North America. And so housing costs are 50% higher in Toronto than they are in Chicago, even though Chicago workers make 50% more money. The same is true between Vancouver and Seattle.

Seattle workers make way more than Vancouver workers, but housing is 60% or 70% more expensive in Vancouver. So on all the measures— Right, so we're making less by a lot.

Seattle workers make way more than Vancouver workers, but housing is 60% or 70% more expensive in Vancouver. So on all the measures— Right, so we're making less by a lot.

Seattle workers make way more than Vancouver workers, but housing is 60% or 70% more expensive in Vancouver. So on all the measures— Right, so we're making less by a lot.

By a lot.

By a lot.

By a lot.

Yes, and we're paying the difference by accumulating enormous quantities of debt. Our households are by far the most indebted in the G7. When you take, you divide total household debt by GDP, we now have a bigger stock of household debt than our entire economy. We are more indebted as households than the Americans were right before the 08 financial crisis.

Yes, and we're paying the difference by accumulating enormous quantities of debt. Our households are by far the most indebted in the G7. When you take, you divide total household debt by GDP, we now have a bigger stock of household debt than our entire economy. We are more indebted as households than the Americans were right before the 08 financial crisis.

Yes, and we're paying the difference by accumulating enormous quantities of debt. Our households are by far the most indebted in the G7. When you take, you divide total household debt by GDP, we now have a bigger stock of household debt than our entire economy. We are more indebted as households than the Americans were right before the 08 financial crisis.

And so what we have as a model in Canada is we have artificial scarcity imposed by a very heavy and restrictive state, confiscatory state, that suppresses production. But in order to allow for consumption, we print money and borrow money and then flood the economy with that money.

And so what we have as a model in Canada is we have artificial scarcity imposed by a very heavy and restrictive state, confiscatory state, that suppresses production. But in order to allow for consumption, we print money and borrow money and then flood the economy with that money.

And so what we have as a model in Canada is we have artificial scarcity imposed by a very heavy and restrictive state, confiscatory state, that suppresses production. But in order to allow for consumption, we print money and borrow money and then flood the economy with that money.

Yes.

Yes.

Yes.

That's right.

That's right.

That's right.

It's horrible. Inflation is the single most immoral tax for so many reasons. One, it takes from savers and people who are trying to be responsible, thus making it impossible to be responsible. Because if you refuse to play the inflation game of borrowing money to buy things you can't afford, someone else inevitably will, and you won't be able to afford anything.