The value of money changes through time because of inflation or deflation; yet, most of our debts are written in money terms.

货币的价值因时而异,那是因为存在通货膨胀和通货紧缩;,但是，我们大多数负债都以货币方式记录。

耶鲁公开课 - 金融市场课程节选

The yield-to-maturity on an indexed bond is already in real terms because the coupons are indexed to inflation.

这种债券的到期收益率,就是实际收益率,因为票息已经被通胀指数化了

耶鲁公开课 - 金融市场课程节选

I know this is true, that is, I know I have the reputation, both because I periodically in my student evaluations get told I'm one of Yale's harsher graders, and because every now and then the Yale Daily News will have an article about grade inflation and they'll always ask me, " ... Well Professor Kagan is somebody..."

这是真的，而我之所以有这样的名声,是因为在学生定期评估时,我被告知自己是耶鲁最严厉的人之一，还因为那不时出现的耶鲁日间新闻,有篇文章会谈到关于成绩膨胀的事,人们总会问我“,卡刚教授“

耶鲁公开课 - 死亡课程节选

Then you'd have inflation because they're printing all this money.

然后通货膨胀就会发生,因为他们印制了所有的货币。

耶鲁公开课 - 金融市场课程节选

Inflation is the most important thing according to many views because the Fed has to guarantee the soundness of the money supply -- and there have been so many cases in history when the central bank allowed debasement of the currency through inflation.

通货膨胀是最重要的事情,根据很多观点,因为美联储必须保证,货币供应的稳固,并且在历史上有太多的例子,当中央银行允许,通过通货膨胀改造货币。

耶鲁公开课 - 金融市场课程节选