So there's not a lot of room in the government bond market or other high-quality bond markets to generate excess returns.

所以对于政府债券或者优质债券,超额收益的空间不大

耶鲁公开课 - 金融市场课程节选

They're not part of the government, but they were created by the government and they are massive supporters of the housing market.

他们不是政府机构,但他们却由政府创办,并且他们是房地产市场的支柱

耶鲁公开课 - 金融市场课程节选

It only helps them to bring down the cost of health care, government has to operate the system more efficiently than the market does.

它只能,降低医疗的费用，政府必须,比市场更加有效地运作。

斯坦福公开课 - 经济学课程节选

What if the British government promised to pay 10% more each year, how would the market value that?

如果英国政府承诺,每年都支付高于10%的利息会怎么样呢,市场该如何定位它

耶鲁公开课 - 金融市场课程节选

People remembered that during World War II the U.S. Government shut down the housing market.

大家应该还记得,二战期间,美国政府关闭了房地产市场

耶鲁公开课 - 金融市场课程节选

Just has indicates the New deal, the new deal, most of the key people in new deal were for big government intervention, long before there was a stock market crash.

就像新政所证明的一样，大多数起草新政的关键人物,都赞成大规模政府监管，早在股票市场崩盘之前他们就这样想了。

斯坦福公开课 - 经济学课程节选

When we were taking 90% of dividends that was 90% of the stock market being taken by the government; but that's not all because we were also taxing the corporations.

当我们从股利中征收90%的税,也就是股票市场收益中的90%都被政府拿走,这还不算完,因为公司获得利润后也要交税

耶鲁公开课 - 金融市场课程节选

The general market assumes--and also the government still regulates them.

市场普遍认为...同时,政府也对他们进行监管

耶鲁公开课 - 金融市场课程节选

But, when you move from lending money to the government -either short-term with bills or longer term with bonds -to investing in the equity market, there's a stunning difference in terms of the returns.

当你转变投资方式,从借钱给政府,即通过短期债券或长期债券的形式,变成投资于股票市场,回报率的差别会大到让你吃惊

耶鲁公开课 - 金融市场课程节选

Herbert Hoover as president understands as president that something terrible has happened, but fundamentally the policies in place are as those of ```and every president before, small federal government, and we see signs that the market began to correct itself.

赫伯特，胡佛作为总统,明白，作为总统,糟糕的事情发生了，但根本上政策,是和之前总统，小型联邦政府，我们看见迹象,市场开始自我修正。

斯坦福公开课 - 经济学课程节选

What they did instead of just-remember the Federal Funds Rate is a target interest rate that the Fed attempts to hit through buying and selling treasury bills in the U.S. or in other countries buying and selling government bonds to affect the market.

他们真正做的事-记住,联邦资金利率是,美联储试图通过在美国,买进和卖出国库券,或在其他国家买进和卖出政府债券,来影响市场的目标利率。

耶鲁公开课 - 金融市场课程节选

think of anything the government do more efficiently than the market does.

我却想不出，I，can’,政府有什么能做得比市场更有效,市场总是效率更高。

斯坦福公开课 - 经济学课程节选

How come the market, in other words, m a disciple of free market, I can understand why the government messes up, s much harder to understand why the free market messes up.

为什么市场，换句话说，我信奉市场经济，I’,我能理解为何政府干预失败，但想了解，it’,为何市场经济失败就很难了。

斯坦福公开课 - 经济学课程节选