There are lots of costs, so you want to have a loan-to-value ratio, which is sufficiently low, that the collateral will cover the value of the loan.

那是一大笔开销,因此你要设定一个足够低的,贷款价值比率,使得抵押物价值能够为贷款提供保障

耶鲁公开课 - 金融市场课程节选

The whole idea of insurance is that you take from your good years and you move it into your bad years so that you make it through all your years.

保险的中心思想是,牺牲好年景的部分财富为坏年景提供保障,这样你就不再忧虑年景的好坏

耶鲁公开课 - 金融市场课程节选

He seems, in this way, to anticipate what we might think of as the modern welfare state that public assistance be provided, and the poor, not simply depend on the private goodwill of the others.

如此看来,霍布斯已经预见到了,我们现代社会国家福利制度的出现，穷人不只依靠个人的善意施舍度日,更多的是求助于国家提供的福利保障。

耶鲁公开课 - 政治哲学导论课程节选

To require him to pay, let's say, a third of his earnings to the government to support good causes like food and health care and housing and education for the poor, that's coercion, that's unjust.

假设，让他拿出三分之一的收入,交给政府来支持公益事业,为穷人提供食物，医疗保障，住房和教育，这就是强迫，是不公平的。

耶鲁公开课 - 公正课程节选