What caused it? It was caused maybe it's oversimplifying it it was caused by a change in our resolve to let's get inflation under control - and a willingness to accept the recession to stop the advance of inflation.

是什么引发了它,它是因为-也许过分的单纯化它,它是由于一个为了,让我们将通货膨胀控制在手中的解决方案,和一个接受经济衰退的愿望,结束通货膨胀的继续上涨所导致的。

耶鲁公开课 - 金融市场课程节选

Central banks around this time I think it was under the leadership of Paul Volker who was the Federal Reserve Chairman they raised interest rates to kill inflation and they threw the world into a huge recession.

在这个时期，中央银行,我认为正处于保罗？沃尔克的领导之下,保罗是美联储的主席,他们提升了利率来抵制通货膨胀,然而却将整个世界都卷入了一场巨大的经济衰退。

耶鲁公开课 - 金融市场课程节选