Monetary policy and fiscal policy both had to act in response to the situation that we had, and we did not then have the benefit of the hindsight that we have today. So we made these decisions on at least-regrets policy. The Reserve Bank Governor was very clear that he was working off a least-regrets policy when the bonds were issued, and so, therefore, yes, there is a cost to the taxpayer—absolutely—but the counterfactual of the costs to the New Zealand economy had we not done this cannot be quantified today and, certainly at the time, looked to be significantly worse than the outcome the member is now complaining about.