At the beginning of the pandemic, Reserve Bank of New Zealand and the Treasury warned the Minister of Finance about what the balance of fiscal and monetary policy might look like. The Government was aware that an over-reliance on unconventional monetary policy that would flood our markets with cheap debt, available disproportionately to those already with assets, would have what they called a "distributional"—to the rest of us, "unequal"—impact. And we've seen that in house prices increasing by 30 percent. We've also seen intergenerational impacts—the Financial Services Council survey of 2,000 people in January found that 18- to 39-year-olds, 60 percent of whom rent, were hardest hit financially by COVID. They were least confident about the future, they were the most concerned about house prices, and the most worried about wage stagnation. A third did not have enough cash saved to last more than a month without income. I've seen commentators over the past few weeks talking about, and detracting, the number of young people who are currently getting support from their parents. But so few of those commentators have been willing to engage in uncovering the network of systems that have created exactly this problem, and that need, for some, for dependence. 