the possibility of deflation long after it was clear that the bathtub was overflowing in terms of monetary pressure for growth. and so when you had both deficit policy and monetary policy pushing together, you got the kind of outcome that we've seen. and then weep caught some bad breaks in terms of bottlenecks and semiconductors, in terms of what happened with geo politics and oil. but the stronger and the sooner we act to contain inflation, the better off we're going to be. >> so the question is, how do you do that, right? so neal irwin of axios a pick your poison environment for the