现阶段的救市行为对美国纳税人和住房抵押权人来说可能是最坏的结果,因为他们已经付给这些海外投资者风险补贴了。
A bailout at this stage would be theworst possible outcome for American taxpayers and mortgage holders, who havebeen paying a risk premium to these foreign investors.
英国福利的原则不再是,你可以确保自己不受失业风险的影响,并在灾难发生时获得无条件补贴。
The principle of British welfare is no longer that you can insure yourself against the risk of unemployment and receive unconditional payments if the disaster happens.
但是每个人都知道,补贴消失的风险已经在土地价格中反映。
But everybody knows that, so the risk of vanishing subsidies is already reflected in land prices.
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