 the tendency to manage or micromanage the business cycle. And of course, in all this is also the role of the US Federal Reserve, where it seems so acutely sensitive to even small fluctuations in the stock market that it's become this sort of asymmetry, that on the upside, people are allowed to gain. On the downside, no one is really allowed to fail. So we've had a socialization of risk that's happened across the system.