 It led to this perverse outcome where for the markets it became very much almost a one-way street and risk was socialized. And after that, we've seen the expansion take place much more dramatically. Most controversially was the actions during the global financial crisis where the Fed intervened heavily in the markets. It did something called quantitative easing. But to me, even if that was justified because even in the midst of a crisis, what was far more troubling and I've