Very good comment. Regarding house values and tuition costs and business bankruptcies - they will all suffer. The only counter-argument is to prop up the economy with savings (PFE,CBR) which is unsustainable long-term but somewhat useful in the transition to a smaller economy. Yes, oil taxation is a side argument at this point and should be dealt with after the PF restructure, elimination of the Dividend, and instituting fuel tax and "school tax" increases. The income tax may be next - let's keep it as low as possible. The school tax was genius at the time and not very well understood today.