Do You Think the Deficit Is on the Back Burner?

There's absolutely no talk ta, unlike previous, during previous recession, to actually pay down all of that debt. And so that field, that big increase in demand, mostly targeted for durable goods, right? We werent a pedemic where people weren’t going to the movies,. People weren't going to the theatre, people weren't going toa to restaurants, mainly towards durable goods. This enormously elevated a demand was not matched by an increase in the supply because they did not produce significantly more output. The first reason is obviously that deficits often are paid for with future taxes and while interest rates have been historically low, it's not going to last. There's another point