These are completely counterfactual. Speed mac. The fed used to have reserves and one of the changes is that now they can pay it and they look at the new tool of the interest rate. And number of people to put this in context a number of people have been arguing one of the problems in terms of Funding Investment in the private sector is that the fed is taking the money out of the system by paying interest on reserves. I think there is very little evidence that that is the case created the design of the policy was primarily to make sure that there was control over the rate to keep the fund rate is much narrower than they had been. Remember that as a time when it was all over the place. It seemed to have worked quite effectively, and i think the evidence to that policy is pretty positive. The evidence against it in terms of its longterm effect is minimal. That doesnt mean that it couldnt be used to harm the private sector by taking the money out of the economy because they have discretion
Lets go to a second question and that is given the way in which this nexus crosses two communities, the Law Enforcement community and the National Security community, are we effectively organized to deal with these problems and the special issues of this nexus and how should we be changing our organization nationally or internationally to be dealing with these issues. Any thoughts from the panelists . We should not go to knee jerk reactions when a major disaster happens and ill give you an example. Back in the days of my partnership of trying to bridge that gap between intel and Law Enforcement and Work Together, during that time we had an Organization Called the organized crime operation. S group. Case officers from the cia, i had about 15, at any given time 15 to 20 fbi agents and analysts assigned there fulltime. It was very successful. With regard to Human Trafficking internationally, we did two renditions in that program for Major International human smugglers working together. 9