and democratic country. And then in the sense it's hard to imagine that there will not be a reaction to the inequitable growth process.

不管这个国家是否是民主制,如果放任不平等性经济增长,后果将难以想像。

普林斯顿公开课 - 国际座谈会课程节选

But the FSLIC wasn't; it was sleeping at the switch, so it allowed banks in the United States -it was primarily Savings and Loans who did this -to make bad loans and they were playing this moral hazard game.

但是FSLIC没有如此,制度变换初期他们对一切放任不管,于是这让美国的银行...,主要指的是那些储蓄贷款机构...,发放不良贷款,他们开始参与这项充满道德风险的游戏

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