with more we have jeffrey miron. it is always good to see you, jeffrey.oes that make other than the president have it right? do we need more or less at this point? >> my guess is that we might need more easing, but for monetary easing isn't going to do very much. i think a lot of the fed recognizes that. ben bernanke and others have said don't rely on the fed to do everything. the fiscal situation is a big problem and we have urged congress to do something about that. gerri: it has been said that we could ease too much. what are the negative consequences? >> well, first of all, one standard concern is if you eat too much time you end up generating inflation. the response right now for most economists is there is so much slack in the economy. we are not going very fast and there is no pressure for inflation. i think that is right as far as it goes. but sooner or later, that is going to be an issue. and if you put a ton of money into the economy and try to take it back out, it might be difficult. we haven't had too much experience at doing that. and it is t