他们并没有从历史上来考虑低于市场利率所造成的扭曲，而这点是奥地利商业周期理论的关键组成部分。

Historically they didn't consider the distortions caused by below-market interest rates (which of course are the key ingredient in the Austrian theory of the business cycle).

youdao

人们猜测奥地利和货币主义者志同道合，但是米尔顿弗里德曼却于1998年驳回了上述猜想，他表示：“奥地利商业周期理论对世界危害巨大。”

But Milton Friedman rejected their analysis, stating in 1998 that: “The Austrian business-cycle theory has done the world a great deal of harm.”

youdao

人们猜测奥地利和货币主义者志同道合，但是米尔顿弗里德曼却于1998年驳回了上述猜想，他表示：“奥地利商业周期理论对世界危害巨大。”

But Milton Friedman rejected their analysis, stating in 1998 that: "The Austrian business-cycle theory has done the world a great deal of harm."

youdao

人们猜测奥地利和货币主义者志同道合，但是米尔顿弗里德曼却于1998年驳回了上述猜想，他表示：“奥地利商业周期理论对世界危害巨大。”

But Milton Friedman rejected their analysis, stating in 1998 that: "The Austrian business-cycle theory has done the world a great deal of harm."

youdao