It emerged into an institution in which banks would have notes bank notes-that circulated widely and we began to think of them as money.

它出现于一个银行保有票据,的机构,这个票据就是钞票---那种流通广泛的钞票,我们把它视为金钱。

耶鲁公开课 - 金融市场课程节选

And here's... this was the cost-benefit analysis that emerged in the trial.

这就是，审判时发现的成本效益分析。

耶鲁公开课 - 公正课程节选

The idea that emerged the memory of the '81-82 recession is very strong in our imagination because we think that it was caused by lax monetary policy by liberal thinking by the soft-hearted liberals who just didn't want to create any pain and suffering.

出现的观点,在我们的想象中,81-82年的经济衰退很严重,因为我们认为它是由于,松懈的货币政策，不拘一格的思想,那些仁慈的不想制造任何痛苦和疲劳的,自由主义者引发的。

耶鲁公开课 - 金融市场课程节选