They believed that controlling the money supply would reduce inflation.
他们相信控制货币供应量会降低通货膨胀。
But the role of the money supply in creating inflation is less obvious than monetarism suggests.
但是货币供给对通胀的影响并不像货币主义者认为的那样。
The risks are obvious: bond purchases expand the money supply, potentially leading to inflation.
风险是显而易见的:债券的购买扩大了货币供应,潜在地导致通货膨胀。
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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