So the democratization of finance is, I think, the ultimate mission of--I find central to this course but it brings with it dangerous hazards and we have to think very carefully about how we do it.

因此,我认为金融民主化,是我们这门课的根本使命,但由此而来的金融危机,使我们深思该如何应对

耶鲁公开课 - 金融市场课程节选

The problem, of course, with the democratization of finance is that if you raise the participation in financial markets, then you bring in people who are: less and less knowledgeable; less and less understanding of concepts of finance; and less capable and more vulnerable to exploitation.

问题在于,随着金融的民主化,越来越多的人参与到金融市场里来,有些人,受教育程度较低,对金融概念不了解,没有专业能力且容易被人利用

耶鲁公开课 - 金融市场课程节选