clip, what difference is a quarter, half point interest rate hike going to mitigate that? >> well, it's not going to. look, the federal reserve has been late to this party all the way through. by raising interest rates, neil, you're talking about cooling off the economy. that's not going to do anything for a gallon of milk or the price of eggs. if -- yet when people have to spend more money on those necessities, what happens? they start to cut back on all the other ancillary things that they would normally spend money on. so that's the impact of slowing down the economy. which i truly believe is not the way we should be handling this. this is a policy issue, this is not a federal reserve issue. neil: you know, if you think about it, dan, we've that the inflation if part, but a lot of people will try to draw parallels to the 970s, we haven't had the stagflation part, the commensurate slowdown