i don't think there's enough money in the world, jeff frankel. i'm for fiscal reforms, but i think these monetary issues, i think we're still close to deflation. >> well, i mean, we're closer to that than we are to runaway inflation which so many people had worried about, but i actually think the central banks are doing for the most part a pretty good job. i thought ecb was too tight a couple years ago, and, you know, i agree with you that they could be -- stand to be a little tighter, and i also agree with you that there's been too much emphasis on fiscal austerity and what prime minister in japan calls a third arrow of his quiver and what in europe they call the structural reform. they say it's politically difficult, but austerity is politically difficult. given the choice, i wish they had done more of the labor market reform you were talking about and the rest of it in italy and greece. >> they are raising sales taxes throughout europe. this was part of the imf insanity. england tried to raise the income tax. guess what in the reverse laugher