一些国家通过通货膨胀把债务推到未来。
Some countries have dealt with debt overhangs by inflating their currency.
其中一些国家通过违约削减了债务,也有通过通货膨胀减债的。
In some cases the debt burden was reduced by default. In others it was inflated away.
各州也不发行自己的货币,这样通过通货膨胀削减债务将不是一个可行的选择。
They also do not issue their own currency, so inflating away their debt is not an option.
Inflation is the most important thing according to many views because the Fed has to guarantee the soundness of the money supply -- and there have been so many cases in history when the central bank allowed debasement of the currency through inflation.
通货膨胀是最重要的事情,根据很多观点,因为美联储必须保证,货币供应的稳固,并且在历史上有太多的例子,当中央银行允许,通过通货膨胀改造货币。
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