inflation come, the economy was already accelerating for a year and a half. So yeah, their mandate, basically, by design means they're always going to miss it, which is unfortunate in the way that we've structured it. Out of curiosity, why do you think that is? It's not like, I've made this point before, the central banks have the most PhDs, certainly economics PhDs in any institution in the world. Why is it that they're wedded to these indicators? Is it just because of the mandates? Is it just because of the mandates that Congress and the government have provided them, or is there some other reason for it? Yeah, I don't think that the mandates necessarily are the problem. I think that they're good mandates. I would wish that employment wasn't part of their mandate. I wish it was a single mandate, which is just inflation, because we get into a situation like now where their two mandates are in conflict, and they're not going to be able to solve for both at the same time. So then how do (51/57)
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