I agree. I must say I was struck by the fact that, for a central banker, she was extremely candid and used very stark language. Indeed, as I said in prior remarks, we're over-regulated and we're overtaxed. We've had a monetary and fiscal binge, and we're in trouble.
We need to boost productivity. As I warned, Argentina, Canada and the U.S. had the same per capita income 120 years ago. They're now one-third of the U.S. They're a poor country or a middle-income country. We are now significantly poorer than our friends south of the border, and low productivity and low investment are a big cause of that.