Let's get right back into the action.

I would just say two things on inflation.

It's actually pretty interesting.

So there's an overall concept of inflation, which, as you said, is growth of the money supply.

But the way that that plays out in the economy, and they actually analyze it this way, it's basically the way they think about it.

It's the basket of overall prices of everything in the economy.

And the government agency that calculates the rate of inflation uses a basket of sort of equivalent products over time to try to get a sense of what's actually happening with prices.

week?

What are the big, big constraints, like the top two or three we should be thinking about when it comes to policy and regs?

Yeah, well, so look, so on the supply side, so on the supply side, you know, basically what the state of affairs right now is basically every single component that goes into the stack of infrastructure and technology and capabilities that are needed to field AI, like there's basically a bottleneck on every single layer of the supply chain.

Right.

And so, by the way, it starts at the very bottom with energy, you know, where there's bottleneck on energy production, you know, for reasons that you well understand.

Then there's bottleneck on literally physical facilities, physical plants, right? So, you know, the big data center controversy, right? Right.

and the whole thing on that.

By the way, there's constraints on all the physical infrastructure that go into building data centers.

Yeah.