It's a deflationary force, if not handled right.

But as you see, the deflationary periods are things that government officials want to avoid altogether.

And this is that deflationary cycle that all the economists and all of the government officials are afraid of.

And, just you know, the stimulus plan, the whole idea about it is, the government doesn't want us to enter into a deflationary spiral.

If one year 10 megabytes of RAM costs x dollars, and then the next year, it costs a little bit less, it's actually a deflationary process, at least in that market.

So you can have an increased money supply but, if the velocity slows down or if demand is slowing down because that's what's causing the velocity to slow down then you could still have a deflationary situation.

So whenever they get this money into circulation they do go out there and they do buy assets usually treasury assets, and then they say even, Indeed, although the bank of Japan's policy, so he's comparing relative to what Japan did when they kind of faced deflationary crisis.

So in 1971, when Richard Nixon decides to go off of the gold standard, if and this is a big if if you trust the government's ability to manage the money supply effectively, that they're not going to print so much money that we have hyperinflation or they're not going to print so little money that we end up with a deflationary spiral.

So you're saying look, the Japanese were trying to fight a deflationary bank crisis, they kept printing money so they kept increasing the liability side of their balance sheet, they kept printing money and they did use this money for a bunch of stuff, they did use that money to go buy a bunch of assets, but their focus of their intervention was just, how much did they print?