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Vincent Geloso, an assistant professor of economics at George Mason University and a senior economist and director with the Montreal Economic Institute, says comparing Canada’s net debt-to-GDP ratio to peer countries is simply obfuscation.

Protectionism didn’t create jobs. The nation was made poorer as prices rose and the American economy became less efficient. Jobs were simply transferred from our most efficient, most competitive sectors to industries where we were less efficient and competitive. As a result, economic growth declined.