innovate. but what we have seen over the last few decades. less competition, more concentration, literally holds the economy back rather than doing what they should be doing. they are doing the opposite. having a negative impact. >> harris: oh my goodness. we're in a supply crisis right now. there is more competition than we know what to do with among these companies. everybody is trying to fill the orders. they can't get to it. meanwhile the "washington post" reports four ways inflation is a political problem for biden. they are smothering wage growth, a global problem that leaders cannot control, a local problem that biden cannot control, and a now problem. art laffer, former economic advisor to president reagan. great to see you on the program today. nice to have you in "focus." first of all if you could just tell the president exactly where we are in this moment and a few things to do, what would you say to him? >> what i would say is stop