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Of chasing the mood, creating a real boost i think particularly to private sector business constant, we have way out. to complicate the story even further, though, the difference between the 70s and now if you re a corporate ceo, is you re looking at china, indonesia, brazil which are growing very fast and you re looking at your balance sheet and you have all this money and you re saying i could open a plant in america with whatever, $50,000 average worker s wages or i could open it in china at $10,000. but of course in the 1970s you had japan and you had west germany and there were lots of people who said it s over for the united states, these new dynamic post-war economies are going to clean our clock. i don t think it s a foregone conclusion that china overtakes united states as the biggest economy in the world in 2027, as some people forecast, though it is a foregone conclusion i think now that it will be the biggest manufacturer in the world next year. the key question, and i ....