 He's certainly right. I mean, inflation, when you print tons and tons of money, of course it's going to be inflationary. When you pump tons of money into the system, of course it's going to be inflationary. And when Jerome Powell said this is going to be transitory, he must have been smoking crack that day because he understands this phenomenon much better than we do. And it was very easy for me to understand that a 40% increase in the amount of dollars sloshing around the system was going to be inflationary.