That would be a fruitless call because doing that isn’t their job. Their responsibility is to run their companies in the interests of the companies’ owners. My argument simply is that, at some point, it is going to be in the interests of the owners for investment to take place in new technologies, better processes, new lines of business and, in time, more capacity.
As is well known from the research literature, makeup strategies, in general, are not time consistent because when the time comes to push inflation above 2 percent, conditions at that time will not warrant doing so. Because of this time inconsistency, the public would have to see a makeup strategy as a credible commitment for it to be successful.