... But If Not Stopped 但若不制止 But If Not Inflation 如果没有通胀 But If Not Uniform 无非如果不均匀 ...
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如果货币没有进入流通领域，而是作为储备或者被藏在床垫底下，那它无论对刺激消费还是推动通胀均无助益。
If money is not circulating, but is stashed in reserves or under mattresses, it cannot boost spending or push up inflation.
但最终，如果失业率还是9.4%的话就没有足够的动力推动进一步通胀，因为人们不会花那么多的钱消费。
But at the end of the day, if the unemployment rate is at 9.4 percent, there's not enough demand to drive inflation higher. People just aren't spending that much.
如果人们对于通胀的预期在增加(这也绝不是没有可能)，那么实际利率将会下降来刺激市场需求。
If people's expectations of inflation rose (which is by no means assured), then real interest rates would fall, boosting demand.
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