李先生：人民币汇率的大幅度升值将向美国消费者输出通货膨胀。
Li: a large increase in exchange rates will export inflation to U. s. consumers.
注二：股市低迷可以进一步压抑国内消费需求，流血完成了另外“一保”：保证不输出通货膨胀。
Note: the stock market can be further depressed domestic consumption demand, the completion of another bloody "security" : to ensure that inflation does not output. U.
它是如此有效，到1972年初，输出急剧增加，失业下降，尽管通货膨胀有所上升。
It worked so well that by early 1972 output rose sharply and unemployment fell, although inflation increased.
美联储要从财政上为巨额和飙升中的联邦财政赤字提供支撑，它为此而采取的手段自古有之，输出通胀自古就是在支持赤字的同时避免国内通货膨胀的万全手段。
The Fed is financing a vast and rising federal deficit, following a practice that has been a surefire prescription for domestic inflation from time immemorial.
美联储要从财政上为巨额和飙升中的联邦财政赤字提供支撑，它为此而采取的手段自古有之，输出通胀自古就是在支持赤字的同时避免国内通货膨胀的万全手段。
The Fed is financing a vast and rising federal deficit, following a practice that has been a surefire prescription for domestic inflation from time immemorial.
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