You don't wanna have it depreciate all the time, and that goes back to the bad old days of inflation.

想必没人愿意看它一直贬值下去吧，搞不好又回到了通货膨胀的灰色岁月。

斯坦福公开课 - 经济学课程节选

That's why we always talk about irreversible expansion, because it's easy to write down an irreversible expansion.

这就是我们总是,讨论不可逆膨胀的原因，因为它,比较容易描述。

麻省理工公开课 - 热力学与动力学课程节选

How do you look at the balance sheet to the Federal Reserve? It has ballooned.

你是怎么看待美联储的资产负债表的,它正像气球一样膨胀。

斯坦福公开课 - 经济学课程节选

It used to be that there was zero inflation if you define it with respect to gold and they were really true to that zero inflation in terms of gold.

如果你用金子来定义它,那从来没有过通货膨胀,这是事实,就金子而言没有过通货膨胀。

耶鲁公开课 - 金融市场课程节选

I think it's, but it's more complicated, but you're basically right, basically right.

它比不可逆膨胀更复杂，但是你的观点从原则上来说是对的。

麻省理工公开课 - 热力学与动力学课程节选

I allow it to expand.

允许它膨胀。

麻省理工公开课 - 热力学与动力学课程节选

The general view is that if it's not extreme the rise is not too extreme it's good for the health of the economy as long as we don't have inflation that's too high.

一般的观点是如果它不极端,价格提升不太严重的话,只要我们没有太高的通货膨胀,它就对经济有好处。

耶鲁公开课 - 金融市场课程节选

What caused it? It was caused maybe it's oversimplifying it it was caused by a change in our resolve to let's get inflation under control - and a willingness to accept the recession to stop the advance of inflation.

是什么引发了它,它是因为-也许过分的单纯化它,它是由于一个为了,让我们将通货膨胀控制在手中的解决方案,和一个接受经济衰退的愿望,结束通货膨胀的继续上涨所导致的。

耶鲁公开课 - 金融市场课程节选

It wasn't caused by the Fed's sudden tightening against inflation. It was different it was this recession was not understood not anticipated; the Fed came in late to cut interest rates to try to prevent it from being worse because it just didn't seem to have any reason for happening.

它不是由于美联储对通货膨胀的,突然紧缩政策造成的，它不同之处在于,这个经济衰退没有被理解，没有事先准备好；,美联储试图阻止它恶化而,降低利率为时已晚，因为,它似乎看起来没有任何理由发生。

耶鲁公开课 - 金融市场课程节选