The thing I stressed in my column was the market stability regulator, which is the Fed.

我在我专栏中强调的是,市场稳定性调控者，也就是联邦政府。

耶鲁公开课 - 金融市场课程节选

Part of the reason why I'm endorsing this market stability regulator is that there's no way we can set up a system that is both very effective in allocating resources and that is also very stable.

我赞成市场稳定性监控者,的部分原因是,没有方法建立一个,既能完全有效配置资源有非常稳定,的系统。

耶鲁公开课 - 金融市场课程节选