I'll try to go very fast. First of all, when I come back in October we can talk about the social program side.
On hedge funds, what I said earlier is absolutely true. These private pools of capital--whether they be hedge funds, whether they be pools of taking corporations private--and this tremendous, apparently inexhaustible supply of liquidity to fund these guys are the real issue, and I'd be really happy at some point in the future to come back and spend some time on that.
Hedge funds is a kind of catchword that catches this really large problem. It's a very real problem and potentially a real concern.
Let me come back to manufacturing. I have no apologies for the fact that in trying to keep the inflation level, at certain points of time this means there's a relative shift from manufacturing to other sectors, and at other points of time, such as in the nineties, it meant a relative shift from other sectors to manufacturing. That is going to take place. Indeed, were that not to take place, we just would not have the total resources to deal with increasing production in the service and primary sectors without having a lot of inflation.
As long as relative prices are going to move around a lot, we are going to have sectors that are declining for a period of time and others that are rising for a period of time. The real issue is whether we have the adjustment mechanisms in place to facilitate the smooth transfer, in particular of workers from lower productivity, lower value-added occupations to those of higher value added. That is the real question.