In the United States we did not have a central bank until 1913 when we created the Federal Reserve System.

在美国，我们直到1913年,创立了联邦储备银行制度。

耶鲁公开课 - 金融市场课程节选

We need--and there's a lot of talk in Congress right now -we need to think about new regulations that protect individuals, much like the regulations that the HOLC and the FHA made.

现在国会里有很多人都在讨论这个问题,我们需要思考关于,能用来保护个人权益的新法规,像房主贷款公司和联邦住宅管理局的制度

耶鲁公开课 - 金融市场课程节选

The U.S. Federal Reserve System was really a copy of the Bank of England thinking that, well, the Bank of England managed to prevent bank runs for all these years, let's create the Fed, which we'll talk about again later.

美国联邦储备制度,就是模仿英格兰银行而建立的,试想一下,由于英格兰银行在预防,银行挤兑方面一直都很成功,所以美国就效仿建立联邦储备,后面的课程再讲美联储

耶鲁公开课 - 金融市场课程节选

They wouldn't have said that because it doesn't sound we want to think that we invented this here but it actually was a new invention in a way because the United States has a different philosophy which the United States has been committed since its beginning to federalism.

他们不会说,因为它听起来不像,这里我们希望大家把它想成我们自己的发明,但是事实上，它确实是一个新的发明,因为美国有一个不同的哲学,这个哲学是，美国力图从一开始就,使自己成为联邦制度国家。

耶鲁公开课 - 金融市场课程节选