Okay.
I want to quote the economist Barry Eichengreen, from the University of California, Berkeley. He noted that, in the past, big price increases made it easier to manage inflation. By way of example, he said that certain periods taught us the importance of preserving the independence of central banks. So that lesson was learned from periods of managing inflation. He went on to say that we also learned that it is essential for central banks to establish a hierarchy of policy priorities and to communicate those priorities to financial markets and to the public. Those are some lessons gleaned from highly inflationary periods.
Are you already seeing a lesson emerge from the current inflationary period?