We can all make up our own minds of course: if Apple has halved orders for components then for demand to have remained static then Apple must have been assuming that demand would double.
He believed the answer lay in improving infrastructure - which had "remained static" despite growing demand - and for a joined up approach to cycling within government.
Infaltion comes in 2 key forms and the external cost push is not to be ignored, but our consumer demand levels are not inflationary and technolgy is not static.
However, there is enough at stake in the battle over the fiscal cliff that the GOP should take a break from wallowing in the mire long enough to demand that the job of scoring the competing tax plans be taken away from the anti-growth, static-scoring CBO, and turned over to the free market.