At the same time, some central Banks have adopted (via quantitative easing) a policy of creating money to boost markets that also has the convenient side-effect of funding budget deficits.

同时，一些央行采用了增发货币的政策(数量政策)来助市场一臂之力，这种政策的副作用很明显就是增加了预算赤字。

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To carry the policy into effect, a lot of money was needed.

要使新政策生效，需要大量金钱。

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The money substitution changes people's demand on money, influences a nation's economy and macro policy effect.

货币替代改变人们对货币的需求，影响一国的经济和宏观政策效果。

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The Fed has kept its easy money policy in effect, and yet the economic recovery stalled once other government stimulus programs expired in the spring.

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And because nobody makes money just for the mere sake of making money, a consumption first policy is simply trading consumption in the future with compounded effect for consumption today with compounded debt.

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Argentina's inflexible currency-board scheme not only pegs the peso at par to the dollar but limits the money supply to the level of hard-currency reserves, in effect turning monetary policy over to the United States' Federal Reserve.

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