Mr. Sebastian Barnes:

Exactly. That is just in terms of the context. In some ways a better measure of some of the forces going on in the economy is that there is a deficit of 2% in national income, which is a different picture and a tribute to the size of the wedge.

The real constraint comes down to the issue of not triggering second-round impacts on inflation. That occurs if we pump too much money into the economy, though one could argue about where "too much" kicks in. The more money you put in, the more inflation you will have. These policies risk being counterproductive. And the ultimate-----