to look at it is what s called inflation expectation or what do people expect inflation to be. what does the market expect inflation to be. you see back in the 2008 period during our meltdown, we were actually worried about deplation, worried about the economy collapsing, prices collapsing. that would be a bad thing. the fed stepped into action and it began buying debt to bring interest rates to bring interest rates down, but as the economy recovered, and you can see here the three times that the fed bought debt, each time it bought debt, inflationary expectations went up a bit because people expect a little more inflation. can i say one thing and then senator toomey has the floor. yeah. the key part even after all of this, inflation expectations have remained very stable, just above this 2% level, which is why the fed may well take the view that it has the room to continue to buy large amounts of debt when it meets this week. the in my view, this isn t just playing with fire,